JP Morgan and Unilever execute chunky Sofr swap

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 ...

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