Slow but steady: loan market takes steps to new reference rate
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Asia

Slow but steady: loan market takes steps to new reference rate

loan

As Asia’s bond market sees the first issuance linked to the secured overnight financing rate (Sofr) this week, eyes have turned to how loan market participants are preparing for the move away from Libor. While discussions within banks and with borrowers are taking place, progress has been slow, writes Pan Yue.

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