National Express Sonia-based loan provides a glimpse into a post-Libor universe
In the first loan to reference an alternative benchmark, CT talks to insiders about the shape of things to come in a post-Libor world
A leading UK transport firm this week tied up a financing based on the Sterling Overnight Index Average, an alternative rate to the London Interbank Offered Rate (Libor), which underpins most dollar and sterling borrowings at present.
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