Act now on LIBOR transition: IA's stark warning to FTSE 350 bosses
£108bn of outstanding corporate bonds still in circulation
Many companies have agreed a fair transition for their LIBOR-linked bonds according to the IA
The Investment Association (IA) has told FTSE 350 firms still issuing LIBOR-linked sterling bonds "time is running out" and urged them to transition to an alternative reference rate or risk "significant market disruption and harm to investors".
Less than a year from the transition deadline, £108bn of outstanding LIBOR-linked corporate bonds remain in circulation, according to the IA, which said its members are willing to "consider alternative...
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