There are major issues arising from the phaseout of the US Dollar London InterBank Offered Rate (LIBOR), which will soon become apparent in connection with LIBOR’s fast-approaching end date. This will dramatically impact many...more
The transition from LIBOR represents a potential change in the interest rate on a bond.
Background On April 6, 2021, New York Governor Cuomo signed into law legislation aimed to provide legal certainty and curb litigation...more
Many conduit tax exempt revenue bonds bear interest at a floating rate, most typically a percent of USD 1-month LIBOR (here, LIBOR).
Many of these transactions have been synthetically “fixed” by the conduit borrower entering...more
10/15/2019
/ Bonds ,
Federal Reserve ,
Interest Rate Swaps ,
ISDA ,
Libor ,
New Guidance ,
Popular ,
Proposed Regulation ,
Secured Overnight Funding Rate (SOFR) ,
Tax-Exempt Bonds ,
U.S. Treasury ,
Variable Rates