JP Morgan and Unilever execute chunky Sofr swap

Adobe_Libor_575x375_28April2020
By Ross Lancaster
14 Oct 2020

A weighty corporate hedging transaction has added to the momentum of the US rates market’s transition from Libor. JP Morgan executed a $500m swap referencing Sofr with a blue chip corporate, Unilever.

Of all the market participants affected by the global shift from Libor to alternative reference rates, corporates have been the slowest adopters. Many corporates only interact with the rates market periodically and many do not believe it is their job to figure out a problem created, in their ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options