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LIBOR reaches the end of the road. Now there’s a new acronym in town.
At the grand old age of 51, LIBOR (London Inter-Bank Offered Rate) has reached retirement with its expiry date set for the end of 2021. Known as the most referenced short-term interest rate in the world, investors and borrowers have numerous loans and assets tied to LIBOR. However, for many, its name is probably better known because of the scandal by which it’s been marred.
In this paper, Allvue discusses the inherent complexities in the rate switch, and how lenders and borrowers can find a smooth path through the transition. To keep reading, download the whitepaper now.
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