Auto ABS issuers to inject $4.6B into secondary market amid benchmark shift
This week was ripe with new auto asset-backed securities (ABS) deals set to enter the capital markets, with three issuers ...
Tag: LIBOR
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders ...
Ford’s SOFR loan is first new deal to use Libor’s replacement
The transition away from Libor is hitting a milestone as Ford Motor Co. does the first syndicated U.S. corporate loan ...
Fed group lays out path for securitized issuers to ditch Libor
The Federal Reserve-backed group guiding the implementation of the Secured Overnight Financing Rate has given securitized debt issuers a map ...
Transitioning away from Libor
Libor, the London Interbank Offered Rate at which leading London banks borrowed from each other on a short term, unsecured ...
LIBOR replacement on track for 2021
Countdown clock to LIBOR transitions deadline at ABS East 2019 in Miami. Exhibition Hall, dealVector booth. Photograph by Joey Pizzolato ...
