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Discover Financial Services Announces Transition of USD LIBOR-based Securities to Term SOFR and SOFR Spread-adjusted Swap Rates

Discover Financial Services and Discover Bank have certain outstanding preferred stock and debt securities, listed in this press release , that use 3-month USD LIBOR or the 5-year USD LIBOR...
United States Association Limited Diners Club International Us Alternative Reference Rates Committee Financial Services Global Network

Shell International Finance B.V. Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

Shell International Finance B.V. Carel van Bylandtlaan 302596 HR The HagueThe Netherlands SHELL INTERNATIONAL FINANCE B.V. ANNOUNCES CME TERM SOFR AS REPLACEMENT REFERENCE RATE FOR OUTSTANDING U.S. DOLLAR LIBOR-LINKED SECURITIES The Hag...
United States City Of United Kingdom New York Carel Van Bylandtlaan Exchange Commission

The end is here – LIBOR cessation looms for international finance markets | White & Case LLP

The phase out of the London Interbank Offered Rate ("LIBOR") continues apace and we are now approaching the finish line for transition away from LIBOR to reference free rates ("RFRs")....
Group Benchmark Administration Financial Conduct Authority London Interbank Offered Rate Benchmark Administration Financial Times Financial Stability Board

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Citizens Financial Group, Inc. Announces Transition of U.S. LIBOR-linked Preferred Stock to Term SOFR Replacement Rate

Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) announced today that, after June 30, 2023, three-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. (or any successor administrator), plus a tenor sprea...
District Of Columbia United States United Kingdom Rhode Island Group Benchmark Administration Ltd United Kingdom Financial Conduct Authority

Fifth Third Bancorp Announces Transition of U.S. Dollar LIBOR-Linked Securities to Term SOFR Replacement Rate

Fifth Third Bancorp announced today that, after June 30, 2023, 3-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. plus a tenor spread adjustment of 0.26161% , will... | June 12, 2023
United Kingdom Third Bancorp Nasdaq Fifth Third Bank Third Bancorp Group Benchmark Administration Ltd Fifth Third Bancorp

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