LIBOR discontinuation in the loan markets: is compounding SONIA the answer?

LIBOR discontinuation in the loan markets: is compounding SONIA the answer?

In this article, Tim Rennie and Darren Phelan, respectively a partner and senior associate at Ashurst LLP provide: (i) the background to the issues that have faced LIBOR; (ii) introduce SONIA; (iii) contrast the differences between LIBOR and SONIA; (iv) consider how SONIA can be used in the loan markets; and finally (v) examine the issues that need to be overcome with a SONIA-based loan.

Click here to read the article. 

JIBFL_2019_Vol34_Issue9_Oct_OFC 


Related Articles:
Latest Articles:
About the author:

Miranda is a solicitor specialising in leveraged and acquisition finance. She trained at Hogan Lovells International LLP and qualified into the international banking and finance team. During her time at Hogan Lovells she worked on a variety of domestic and cross-border transactions, acting for both borrowers and lenders. She also experienced secondments to Barclays Bank PLC and Kaupthing Bank hf.