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.
June 20, 2023
Federal Reserve | LIBOR | M&T Bank | SOFR | UK Financial Conduct Authority
Markiesha Thompson