In previous blog posts, we have considered the risks of LIBOR transition for legacy LIBOR referencing contracts. For new transactions, LIBOR has almost been consigned to history, although there are still some areas relating to the use of near risk free rates where the market has not yet settled.
In this briefing, our colleagues in the Finance team provide a status update for LIBOR in 2022 through a transactional lens, including the current market practice for new USD debt and a helpful explanation of the purpose and proposed use of "synthetic LIBOR".
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