SBI executes money market deals linked to SOFR
Thu, Jan 21, 2021 10:00 AM

SBI executes money market deals linked to SOFR

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State Bank of India (SBI) on Wednesday reported the commencement of two inter-bank short term money market deal with pricing linked to SOFR (Secured Overnight Financing Rate). SOFR is an identified replacement for USD LIBOR which is expected to be phased out at the end of 2021. The Inter-Bank money market transaction was executed by SBI through its Hong Kong branch.

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