Seeking Alpha

M&T Bank Corporation Announces Plan to Transition Outstanding U.S. Dollar LIBOR-linked Securities to CME Term SOFR As Replacement Reference Rate

BUFFALO, N.Y., June 14, 2023 /PRNewswire/ -- M&T Bank Corporation (MTB) (NYSE: MTB, M&T) announced today that CME Term SOFR will be the replacement reference rate for certain outstanding floating rate ...
Euromoney

The amazing lure of floating rate

On August 13, the two-year versus 30-year US treasury yield curve gapped out to a seven-year high of 184 basis points. The two-year treasury was trading at its lowest ever yield in the 25 years since ...
Nasdaq

Bank of America Corporation Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities After June 30, 2023

Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
Seeking Alpha

Truist Financial Corporation Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

CHARLOTTE, N.C., May 26, 2023 /PRNewswire/ -- Truist Financial Corporation (TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding ...