One-quarter of Libor FRNs to mature after benchmark’s death

There are $382 billion of outstanding floating rate notes (FRNs) linked to Libor that will mature after end-2021, the point at which the discredited benchmark will be scrapped, data published by the Financial Stability Board (FSB) shows. These products will be thrown into limbo after Libor’s death unless arrangements are made ahead of time to transition them to another rate.

Of the total amount, 48% is slated to mature in 2022 and 31% in 2023, with $79.2 billion maturing in 2024 and beyond.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: