Nasdaq

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

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) and Discover Bank (collectively “Discover”) have certain outstanding preferred stock and debt securities, listed in this ...
AOL

Here’s how the Secured Overnight Financing Rate works and why it might matter for your mortgage

Remember Libor? For decades, the London interbank offered rate was the benchmark for pricing a wide variety of loans, including adjustable-rate mortgages. But over recent years, it’s been completely ...
World Bank

World Bank’s SOFR Index-Linked Floating Rate Bond Draws Diverse Investor Demand

WASHINGTON, D.C., February 15, 2024 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.25 billion Sustainable Development Bond linked to the ...
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 ...
World Bank

World Bank Prices USD 1.75 Billion SOFR Index-Linked Floating Rate Bond

WASHINGTON, D.C., September 16, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.75 billion Sustainable Development Bond linked to the ...
Seeking Alpha

SOFR: You Can Actually Invest Directly In The Secured Overnight Financing Rate

The Amplify Samsung SOFR ETF replicates the SOFR rate by lending overnight, collateralized by U.S. Treasuries, offering a direct way to invest in SOFR. Unlike traditional T-Bill ETFs, the SOFR ETF ...