Shell may reveal Sofr terms to help transition

By Jon Hay, Mike Turner
16 Dec 2019

Royal Dutch Shell is considering releasing the detailed technical terms it has used on its $10bn revolving credit facility linked to the Secured Overnight Funding Rate (Sofr), to help the market with the transition to new interest rate benchmarks.

The facility, which Shell revealed on Friday December 13, has helped the loan market make a leap forward in moving away from Libor, the benchmark due to be phased out at the end of 2021. The loan was arranged by Bank of America and Barclays and had 25 ...

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