Seeking Alpha

M&T Bank Corporation Announces Plan to Transition Outstanding U.S. Dollar LIBOR-linked Securities to CME Term SOFR As Replacement Reference Rate

BUFFALO, N.Y., June 14, 2023 /PRNewswire/ -- M&T Bank Corporation (MTB) (NYSE: MTB, M&T) announced today that CME Term SOFR will be the replacement reference rate for certain outstanding floating rate ...

Drop Lock Bonds: Fixed vs. Floating Interest Rates Explained

Discover how drop lock bonds combine floating and fixed-rate features, providing security against interest rate changes and a guaranteed minimum return for investors.
Nasdaq

Bank of America Corporation Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities After June 30, 2023

Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
San Antonio Express-News

How the End of LIBOR Will Impact the Commercial Real-Estate Industry

For many years, LIBOR, or the London Inter-Bank Offered Rate, served as a globally accepted benchmark, deriving rates from the U.S. dollar, the British pound, the Euro, the Swiss franc and the ...
Seeking Alpha

Truist Financial Corporation Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

CHARLOTTE, N.C., May 26, 2023 /PRNewswire/ -- Truist Financial Corporation (TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding ...