Inside OCBC’s Libor to Sonia bond consent solicitation process

The transaction marks Asia’s first public sterling Libor to Sonia consent solicitation and opens the door to similar transactions in the future

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Two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – will follow in June 2023, we surveyed the market to gauge readiness