L - S has issued a $ 500 m no - grow SOFR - linked floating rate stock with Reg S only documentation . It is the first SSA issuer to do so . By Craig McGlashan 05 Mar 2019 L-Bank on Tuesday became the first SSA issuer to sell a Sofr-linked floating rate note with Reg S only documentation. Leads said the stock would be useful , on offer to investors seeking to upgrade their SOFR systems in the coming weeks and months .
L - S has issued a $ 500 m no - grow SOFR - linked floating rate stock with Reg S only documentation . It is the first SSA issuer to do so . Leads said the stock would be useful , on offer to investors seeking to upgrade their SOFR systems in the coming weeks and months .