LIBOR is dying. UK regulators announced last week a 5 year plan to phase the controversial and flawed rate. It will be replaced. By what and when is a matter of debate and speculation at this time, but changes are afoot. [dalio variation=”parity”] So what does this mean for the more than multi-trillion dollar bank loan market? Stephen Hazelton, Founder and CEO of Street Diligence, a leading fixed income analytics platform explores the potential impact. Bank loan credit agreements have, for decades, relied on LIBOR to price interest rate payments. Typically, interest payments have been based on LIBOR plus a…
The Death Of LIBOR – A Bank Loan Perspective
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