OCBC Bank becomes first bank in Asia to complete transition from LIBOR to SONIA
The Edge Markets - World·2021-06-11 05:01
SINGAPORE (June 10): OCBC Bank has received the approval of bondholders to convert the interest rate benchmark for its £250 million (S$468.1 million) floating rate covered bonds from the GBP London Interbank Offered Rate (LIBOR) to Sterling Overnight Interest Rate Average (SONIA).
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