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M&T Bank to Transition LIBOR-Linked Securities to CME Term SOFR After June 30

M&T Bank announced it will transition certain outstanding floating rate and fixed-to-floating rate debt securities, preferred stock and trust preferred securities currently using three-month U.S. dollar LIBOR as the reference rate to CME Term SOFR after June 30.

LIBOR’s End Looms but Lenders Still Search for Replacement

As the 2021 end of the LIBOR approaches, banks, accountants and regulatory bodies are still struggling to find a replacement standard that is immune to the same manipulation that brought about LIBOR’s demise, reports Bloomberg Tax.

March 25, 2019 Bloomberg Tax | LIBOR | SOFR Amanda Koprowski

LIBOR Won’t Back Down

LIBOR (London Interbank Offered Rate) is attempting to fend off a challenge to its title as the global benchmark for dollar-based assets from SOFR (Secured Overnight Funding Rate). ABF Journal illustrator Jerry Gonzalez shares his vision of the battle.

July 13, 2018 LIBOR | SOFR ABF Journal

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Tag Archives: SOFR

M&T Bank to Transition LIBOR-Linked Securities to CME Term SOFR After June 30

LIBOR’s End Looms but Lenders Still Search for Replacement

LIBOR Won’t Back Down