WebinarGlobal | March 09, 2021
LIBOR is commonly used in project finance transactions as the basis for the calculation of a floating interest rate for sterling and US dollar loans. With regulatory deadlines for retirement of LIBOR looming, the project finance market will need transition to alternative "risk-free rates". We consider recent developments in relation to IBOR transition, what these mean for the project finance market and the practical steps parties may wish to consider in the relation to their existing and future transactions.
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