Libor Fallback To Prime May Increase Corporate Loan Costs

By Nathan Moore and Dana Bradley (November 6, 2023, 12:28 PM EST) -- Libor officially ceased to be published on June 30. The change comes after almost 40 years of Libor serving as the principal benchmark rate for trillions of dollars of various financial contracts, including loans, bonds, derivatives and mortgages, among others. For some unwary borrowers, the end of Libor could result in increases to their all-in borrowing costs during a time of already challenging interest rate increases....

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