In May 2022 we reported that where Term SOFR was being used widely in U.S. loans; its use in other markets was more limited. Six months on, how has the picture changed? First, a quick recap. Term SOFR ...
NEW YORK, Nov 18 (LPC) - The US$1.2trn US loan market has been slow to adopt to a new lending benchmark as the London Interbank Offered Rate (Libor) is set to be phased out in two years, but a US ...
JPMorgan was in the market in late July with a $2.25 billion preferred stock deal. The non-call five notes pay a fixed rate of 5% until August 1, 2024, and then switch to a floating rate of ...
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