‘Huge’ vote in favour of Lloyds’ Libor to Sonia switch
Posted on 9 October 2019
Lloyds Bank received overwhelming backing from investors on Monday to switch the coupon on a £1bn FRN sold in 2018 from being Libor to Sonia-based, in the first such consent solicitation for a covered bond, as financial institutions manage the transition between the two sterling reference rates...
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