GSK signs £3.8bn-equivalent of loans tied to RFRs

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GSK signs £3.8bn-equivalent of loans tied to RFRs

Glaxo 230x150 Brentford HQ

GlaxoSmithKlein, the UK pharmaceutical company, has refinanced dollar and sterling loans using risk-free rates, in one of the biggest transactions yet to avoid using Libor as the margin benchmark.

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