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. L-Bank has issued a $500m no-grow SOFR-linked floating rate note with Reg S only documentation. It is the first SSA issuer to do so. The bank said it was not issuing any more of its existing Floating Rate Notes (FRRs) and that all new FPR notes would be issued in the next few weeks.
L-Bank has issued a $500m no-grow SOFR-linked floating rate note with Reg S only documentation. It is the first SSA issuer to do so. The bank said it was not issuing any more of its existing Floating Rate Notes (FRRs) and that all new FPR notes would be issued in the next few weeks.