2010 LIBOR News
Don't forget to subscribe to our LIBOR news RSS feed. Get streaming LIBOR news delivered directly to you daily.
March LIBOR News
March 9
Glimcher Modifies LIBOR-Based Credit Facility
Real estate trust extends and modifies credit facility with interest rate pegged to LIBOR
March 8
Bharti Airtel Seeks LIBOR-Based Loan
Telecommunications company will pay interest rate pegged to LIBOR for acquisition financing
March 5
AIG Unit Seeks LIBOR-Based Loan
Aircraft leasing unit of troubled financial giant offers term loan with interest pegged to LIBOR rates
March 4
US Dollar and Yen LIBOR Switch Positions
LIBOR rates for Yen now below those of US Dollar for first time since August
March 1
Euro LIBOR/OIS Spread Shrinks
Index that compares LIBOR with OIS tightens ahead of ECB announcement
February LIBOR News
February 26
Iceland Rejects LIBOR-Based Repayment Plan
Britain and Netherlands offer lower margins above LIBOR for repayment tied to failed Icesave Bank
February 24
Pakistan Receives LIBOR-based Loans
Countries and development banks lend to Pakistan at margins above LIBOR rates
February 23
Key LIBOR Rates Edge Upward
US Dollar and Euro LIBOR slightly higher as central banks ease liquidity programs
February 20
US Dollar LIBOR Remains Stable
LIBOR based in dollars does not jump after Fed raises rates
February 18
Key LIBOR Rates Higher
US Dollar, Sterling LIBOR rise as Bank of England signals end of QE program
February 16
Philippines to Offer LIBOR-Based Samurai Bonds
Bonds available on Japanese market to have rates pegged to LIBOR
February 11
GFH Obtains LIBOR-Based Financing
Troubled Bahraini bank replaces unpaid portion of previous loan with new LIBOR-based facility
February 9
Sri Lanka Obtains LIBOR-Based Loan from Russia
Island nation to pay interest based on LIBOR for loan to purchase, refurbish Russian arms
February 5
Berkshire Hathaway Issues LIBOR-Based Notes
Components Buffet’s investment company’s offering have rates tied to LIBOR
February 3
Reader’s Digest Sells LIBOR-Based Notes
Venerable publisher’s half-billion dollar issue has rates tied to LIBOR index
February 1
Lloyd’s Issues LIBOR-Based Mortgage Backed Bond
Re-entrance into US mortgage backed bonds has yield based on LIBOR index
January LIBOR News
January 29
Euro LIBOR Hits Historic Low
Three-Month Euro LIBOR responds favorably to continued liquidity
January 28
US Dollar LIBOR/OIS Spread Widens
Fed’s economic optimism sparks anticipation of higher rates
January 27
McClatchy Amends LIBOR-Based Credit Facilities
American newspaper giant will pay higher margins above LIBOR in exchange for relaxed terms
January 26
Mubadala Development Seeks Refinance of LIBOR-Based Loan
Abu Dhabi commercial developer likely to pay higher margin over LIBOR for new loan
January 25
Ares Capital Closes LIBOR-Based Credit Facilities
Finance company’s expanded and consolidated facilities have rates based on LIBOR index
January 23
Builders FirstSource Completes LIBOR-Based Debt Exchange
Building product company’s new notes have later maturity, rates based on LIBOR
January 22
Euro LIBOR Hits New Low
Expectation that ECB will not reduce liquidity sends Euro LIBOR downward
January 15
Westpac Sells LIBOR-based Bond Tranche
Portion of Australian lender’s samurai bonds based on LIBOR
January 14
Tatneft Seeks Refinance of LIBOR-Based Loan
Russian oil giant has recent history of loans with rates based on LIBOR
January 13
Schwak, Inc. Refinances LIBOR-based credit facility
Corporate branding firm’s margin above LIBOR will be lower than previous facility
January 11
Homeland Energy Group Announces LIBOR-Based Financing
Toronto-based coal producer will use LIBOR-based loan for South African operation
January 9
EGPC Seeks LIBOR-Based Financing
Egypt’s state petroleum company will pay lower margin above LIBOR than previous financing
January 8
Six Flags Enlists LIBOR-Based Financing
Theme park operator will emerge from bankruptcy with LIBOR-based loans from major lenders
January 5
Talbots Amends LIBOR-Based Credit Facility
Clothing retailer used LIBOR-based facility to pay off bank debt
2009 LIBOR News
December LIBOR News
December 30
LIBOR/OIS Spreads Tighten
Key lending barometer using LIBOR contracts in US Dollars and Euros
December 29
LIBOR Holds Steady in Key Currencies
US Dollar, Sterling, Euro LIBOR rates remain stable; US LIBOR near historically low fed funds rate
December 23
Churchill Downs Amends LIBOR-Based Facility
Home of Kentucky Derby will pay margin above LIBOR on expanded credit line
December 21
LIBOR-OIS Spread Varies Among Major Currencies
LIBOR-OIS for Euro widens, Sterling narrows, and US Dollar holds steady
December 19
Bank of Moscow Initiates LIBOR-Based Loan
Large Russian Bank will pay higher margin above LIBOR than previous loan
December 17
TriMas Amends LIBOR-Based Credit Facilities
Engineered/applied product company to extend maturity on credit facilities with rates tied to LIBOR
December 16
UDR Obtains LIBOR-Based Term Loan
REIT uses new loan with rates based on LIBOR to repay previous term loan
December 15
US Dollar LIBOR-OIS Spread Tightens
Good news from Citi, Dubai improves LIBOR-based lending barometer
December 15
Key LIBOR Rates Poised Ahead of Central Bank Announcements
US Dollar and Euro LIBOR stay low ahead of policy announcements from respective central banks
December 10
Apollo Investment Group Amends LIBOR-based Credit Facility
Apollo will pay higher rate above LIBOR for extended commitments
December 9
AIG Obtains LIBOR-Based Loan for Aircraft Unit
ILFC unit barred from other funds, compelled to pay higher margin above LIBOR
December 5
Euro LIBOR Rises after ECB Statement
LIBOR rate for Euros slightly higher as central bank announces liquidity program wind down
December 3
Central Banks Affect Key LIBOR Rates
LIBOR for Yen down, AUS Dollar Up, and Euro poised, all due to central bank actions
December 2
Yen LIBOR Declines
Bank of Japan’s liquidity action triggers drop in that country’s LIBOR rates
November LIBOR News
November 28
LIBOR Inches Up in Key Currencies
US Dollar, Pound Sterling and Euro LIBOR all move higher; Dollar index ends series of lows
November 26
Saks Fifth Avenue Amends LIBOR-Based Credit Facility
High-end retailer will pay new interest rate based on LIBOR in exchange for extended maturity
November 23
US Dollar LIBOR Lower; Euro LIBOR Higher
LIBOR rates for American and European currencies diverge on anticipated central bank actions
November 20
Bank of Moscow to Syndicate LIBOR-Based Loan
Russia fifth-largest bank’s borrowing costs double versus previous LIBOR-based loan
November 18
Yen LIBOR Hits Three-Year Low
Like other key rates, Yen LIBOR responds to central bank actions
November 17
Key LIBOR Rates Remain Near Record Lows
US Dollar, Pound Sterling and Euro LIBOR poised on central banks’ pending actions
November 14
AIG Dependent on LIBOR-Based Government Credit Line
Bailed-out insurance giant owes billions in Fed commercial paper program being wound down, pays rates based on LIBOR
November 12
Dominican Republic Gets LIBOR-Based Disaster Relief Loan
Inaugural program provides funds at margin above LIBOR to cope with eventual emergencies
November 12
Euro LIBOR Rates Diverge
Overnight Euro LIBOR Jumps Higher while 3-Month Euro LIBOR Declines
November 9
Cracker Barrel Refinances LIBOR-Based Term Loans
American restaurant chain will pay higher margin above LIBOR on extended portion of credit
November 6
Key LIBOR Rates Vary
Dollar LIBOR lower, Sterling and Euro LIBOR higher; central bank actions affect rates
November 4
American General to Restructure LIBOR-Based Credit Facility
Margin above LIBOR to decrease as principal is repaid
November 3
CBL Announces New LIBOR-Based Credit Facility
Shopping center developer will pay varying rates above LIBOR
October LIBOR News
October 31
Warner-Chilcott Purchases Procter & Gamble Division with LIBOR-Based Financing
Pharmaceutical company’s loans have adjustable rate based on LIBOR with a LIBOR floor
October 29
Blackstone Negotiating LIBOR-Based Financing to Buy Theme Parks
With LIBOR floor, private equity group will have set minimum payment to lenders
October 27
Dollar, Euro LIBOR Reach New Lows
3-Month LIBOR in two currencies drop to historic levels; 3-Month Sterling LIBOR declines anew
October 26
HealthSouth Renegotiates LIBOR-Based Term Loan
Maturity extended in exchange for higher margin above LIBOR
Ocotober 21
LIBOR-OIS Spreads Remain Steady
Dollar, Pound Euro LIBOR rates hew close to central bank rates, indicating market confidence
Ocotober 20
SEK Sells LIBOR-Based Bonds
So-called Samurai bonds included tranche with rates tied to Yen LIBOR
October 17
Sterling LIBOR Rises
Key 3-Month index shows effect of central bank actions; new BOE remarks pending
October 15
3-Month Dollar LIBOR Drops
Move in key LIBOR index attributed to Fed remarks
October 15
Bankers Worry About New Rise in LIBOR
Record low LIBOR rates could reverse if economy relapses and confidence dwindles
October 13
Noble Group to Obtain LIBOR-Based Financing
Revolving loan in two different term phases, both with rates pegged to LIBOR
October 12
Lionsgate Obtains LIBOR-Based Financing
Maker of Oscar-winning “Crash” will fund new films with revolver pegged to LIBOR rates
October 8
VEB Extends Multiple LIBOR-Based Loans
State bank raises margins above LIBOR for some Russian corporate borrowers
October 7
Polymetal Obtains LIBOR-Based Financing
Silver/gold producer is latest major Russian company to get loan pegged to LIBOR index
October 6
Lear Corp. Obtains LIBOR-Based Exit Loan
Financing will refinance LIBOR-based DIP loan, facilitate end of Chapter 11
October 5
Russia Investigating LIBOR-Based Loan with World Bank
Kremlin would enjoy small margin above LIBOR, does not want political strings
October 2
American Home Mortgage Sells LIBOR-Based Bonds
Issue parallels other corporate offerings tied to LIBOR, supported by TALF
October 1
Barnes and Noble Obtains LIBOR-Based Credit Facility
Rate is at smaller-than-expected margin above LIBOR
September LIBOR News
September 30
Citigroup Offers LIBOR-Pegged Bonds
Portion of government-backed $5 billion issue has yields based on 3-Month LIBOR
September 29
3-Month LIBOR at Record Lows
Key LIBOR index for Dollar, Pound and Euro set or match all-time marks
September 26
Indian Companies Seek LIBOR-Based Funding in Global Market
Improving economy prompts international search for lower interest margins above LIBOR
September 25
LIBOR-OIS Spread Remains Tight
LIBOR-based gauge shows continued bank optimism in light of Fed actions
September 24
Delta Air Lines Takes LIBOR-Based Loan
Financing pegged to LIBOR index part of $2 billion debt package
September 23
3-Month LIBOR Sets New Records
Key LIBOR index in Dollars, Pounds and Euros hits unprecedented lows
September 16
Sallie Mae Issues LIBOR-Based Bonds
Largest student lender pegs portion of $1.24 billion offering to LIBOR index
September 12
LIBOR-OIS Spreads Stay Tight
Dollar LIBOR-OIS well within Greenspan’s “normal;” comparable Sterling measurement shrinks
September 10
Dollar LIBOR Reaches Yet Another Low
3-Month LIBOR for US currency drops below 3% for first time
September 9
Switch & Data Receives LIBOR-Based Loan
$100 million facility comes at variable rate above set LIBOR floor
September 4
Turkish Banks Announce Syndicated Loans Based on LIBOR
“All in” pricing at lowest margin above LIBOR for the year
September 3
LIBOR Continues to Set Historic Lows
Dollar, Pound and Euro LIBOR continue lower; Dollar LIBOR stays below Yen LIBOR
September 1
Sinochem to Sell LIBOR-Based Bonds
Chinese chemical giant to peg $1 billion offering to LIBOR, following lead of China National Petroleum Corp.
August LIBOR News
August 28
Tatneft Receives LIBOR-based Loan
Sixth-largest Russian oil producer joins Lukoil in obtaining pre-export financing pegged to LIBOR
August 27
Dollar-Yen LIBOR Gap Breaks Longtime Mark
Dollars cheaper to borrow than Yen; LIBOR difference greatest since 1993
August 26
LIBOR Continues Historic Drop
Dollar, Pound LIBOR hits new lows; LIBOR-OIS Spread Approaches Pre-Credit Crisis Levels
August 25
MDM Seeks LIBOR-Based Loan
Russia’s second largest lender will use financing for trade-related projects
August 24
Lukoil Obtains LIBOR-Based Financing
Russian petroleum giant will use $1.2 billion for general corporate purposes
August 22
Global Ship Lease Amends LIBOR-Based Financing
Container ship company will receive relaxed covenants, variable cost of fund pegged to LIBOR index
August 21
LIBOR Hits Record Lows Across Major Currencies
3-Month LIBOR in Dollars, Pounds and Euros all make history
August 18
Reader’s Digest Receives LIBOR-Based DIP Financing
Venerable publisher to undergo prepackaged bankruptcy; lenders to provide fresh capital pegged to LIBOR
Sterling LIBOR Hits New Low
British currency benchmark makes history while Dollar and Euro LIBOR inch above last week’s record lows
August 14
Las Vegas Sands Amends LIBOR-Based Financing
Casino giant will pay higher margin above LIBOR for relaxed covenants
August 13
LIBOR-OIS Spread Reaches Greenspan’s “Normal”
Former Fed Chair previously declared “25 points” as sign of restored credit market
August 12
Morgans Hotel Group Amends LIBOR-Based Credit Line
Facility retains LIBOR floor while relaxing certain conditions, reducing overall size
August 11
Westfield Negotiates New LIBOR-Based Financing
World’s largest shopping center owner to receive over $1 billion pegged to LIBOR index
August 7
Sterling LIBOR Hits Historic Low
3-Month LIBOR based on British currency drops in favorable response to latest central bank action
August 5
Multiple TALF-Eligible Deals Based on LIBOR
Notable organizations offering asset-backed securities with yields pegged to LIBOR; US providing loans to purchase securities
August 4
LIBOR-based TED Spread Lowest in Two Years
Declining LIBOR closes gap with Treasuries, indicates greater bank confidence
August 3
Rusal Renegotiates LIBOR-Based Debt
World’s largest aluminum maker accepts large margins above LIBOR in exchange for delayed repayment
July LIBOR News
July 29
LIBOR-OIS Spread Narrowest in 18 Months
Key LIBOR measurement indicates banks are more willing to lend
July 27
Dollar LIBOR Falls to New Record
3-Month LIBOR based on US currency slips below .50%, lowest mark since LIBOR began recording in mid 1980s
July 25
Euro LIBOR Hits New Low
Institutions show appreciation of ECB infusion via lower LIBOR rates; however, cash is not reaching consumers/companies
July 23
Major LIBOR Indices Reach New Historic Lows
Benchmarks for Dollar, Euro, Pound continue to project bank confidence
July 22
CIT Faces Steep Rates, Terms on LIBOR-Based Bailout
Faltering commercial leader hit with rates “more than 25 times LIBOR”
July 20
CIT Receives LIBOR-Based Bridge Financing
Foundering business loan giant reaches agreement with bond holders
July 17
LIBOR-OIS Spread Continues to Tighten
Strong bank earnings elevate market confidence
July 16
Las Vegas Sands To Renegotiate LIBOR-Based Loans
Casino operator seek new terms on multibillion-dollar financing for Macau projects
July 15
Lending Hopes Rise on Low LIBOR
Historic drops in key LIBOR indices bespeak greater credit availability; not all concur
July 14
Toll Brothers Offers LIBOR-Based ARMs
Loans from builder start at fixed rate, go to adjustable pegged to LIBOR
July 13
Mechel Refinances LIBOR-Based Loans
Russian steelmaker to received relaxed terms in exchange for new margins above LIBOR
July 10
TED Spread Tightens as LIBOR Drops
Proximity of LIBOR to Treasuries rate indicates increased market confidence
July 10
Euro LIBOR Sets New Low
Index continues positive reaction to ECB cash infusion
July 8
LIBOR-OIS Spread Drops to 17-Month Low
Gap between indices trending toward Greenspan’s “normal” range
July 8
Drop in LIBOR Benefits Indian Companies
Hindalco Industries and JSW Steel enjoy lower costs of funds despite loan breach
July 3
Dollar LIBOR Reaches Record Low
3-Month index for U.S. currency parallels historic lows in Euro LIBOR
July 3
Lear to Receive LIBOR-Based Bankruptcy Loan
Debtor-in-possession credit facility to finance company’s transition through Chapter 11
July 1
Euro LIBOR Hits New Low
Interbank rates continue positive reaction to ECB’s cash infusion
July 1
RAM Energy Resources Amends LIBOR-Based Credit Facility
Will pay higher rates pegged to LIBOR in exchange for relaxed conditions
June LIBOR News
June 26
Euro LIBOR Drops Sharply
European Central Bank Liquidity Move Sparks Biggest Decline in Three Months
June 26
JP Morgan Sells LIBOR-Based Bonds Backed by Credit Card Loans
Offering upsized to over $1.8 billion, deemed as sign of strength for consumer-backed loan market
June 24
Dollar LIBOR Hits New Low
Anticipation that Federal Reserve will not raise rates fuels bank optimism
June 24
American Airlines Seeks Renegotiation on LIBOR-Based Loan
Amendment would trade higher interest rate pegged to LIBOR for relaxed terms
June 19
Westfield Seeks $1.25 Billion LIBOR-Based Loan
Top shopping center owner would extend existing loans to later maturities, pay higher rates
June 18
BBA to Expand LIBOR “Contributor Bank” Eligibility
Banks will no longer need a physical presence in London to have their rates referenced for LIBOR indices
June 17
LIBOR Sets New Lows
Record benchmarks for Dollar and Pound LIBOR; near record for Euro LIBOR; LIBOR/OIS Spread continues to tighten
June 17
Rusal Restructures LIBOR-Based Debt
Russian aluminum giant can receive lower rates in exchange for fiscal improvement
June 12
LIBOR Matches Record Low
3-Month Dollar LIBOR drops again to historic level as fears of interest rate hikes ease
June 12
Actuant Renegotiates LIBOR-Based Credit Agreement
Industrial products and systems manufacturer receives more flexible covenants, will pay higher rate
June 10
Borrowers Switch to Loans Based on 1-Month LIBOR
Rates pegged to lower LIBOR rate offers cost savings
June 10
Suncorp-Metway Sells Floating Rate Notes Pegged to LIBOR
Australian government to guarantee dollar-denominated bonds from financial industry conglomerate
June 6
LIBOR Moves Higher
Small increases after record lows signal expectations of higher central banks rates
June6
First National Bank of Omaha Sells LIBOR-Based Bonds
Deal is part of Fed’s TALF program
June 4
Lookers Refinances with LIBOR-Based Loan
British car dealer suffering during global downturn
June 4
New Southern California Resort Receives LIBOR-Based Loan
City of Rancho Palos Verdes makes deal with Terranea Resort to ensure its opening
May LIBOR News
May 29
BBA Completes LIBOR Panel Review
Assessment of “Contributor Banks” determining LIBOR rates to occur biannually
May 27
LIBOR’s Filtered Average May Conceal Discrepancies in Interbank Rates
High and low submitted rates discarded to create LIBOR, obscuring wide spread
May 27
Tata Motors Rolls Over LIBOR-Based Debt
$1.05 billion used to purchase Jaguar, Land Rover; Rates Pegged to LIBOR index
May 22
Hewlett Packard Sells LIBOR-Based Notes within $2 Billion Offering
Notes to help finance acquisition of Electronic Data Systems
May 22
Southwest Airlines Completes LIBOR-Based Leaseback Deal
Sale/leasing of aircraft part of overall measures to improve cash flow and credit availability
May 20
LIBOR Rates Indicate End of Credit Crunch
Economists see restored lending climate in drops of LIBOR and LIBOR-based TED Spread
May 20
3-Month LIBOR Hits New Low
Market senses new high for credit in reduced LIBOR rates
May 15
Good News from LIBOR Boost Stocks
Markets gain on credit market improvements heralded by drop in LIBOR rates
May 15
CNPC Will Sell LIBOR-Based Corporate Bills
Low LIBOR rates, ample dollar funds fuel offering
May 14
LIBOR Takes Biggest Drop in Eight Weeks
Credit markets loosen; key TED Spread improves as Treasuries go higher
May 13
Ailing Blockbuster Video Renegotiates LIBOR-based Credit Facility
So-called “Zombie Loans” extended to companies on the brink, preferable to writedowns
May 8
3-Month Euro LIBOR Hits New Low
Similar positive rate moves seen in Dollar and Pound LIBOR
May 8
THQ Announces Credit Facility with LIBOR-Based Provisions
Major videogame developer works with Bank of America
May 6
LIBOR-Based TED Spread Narrows
LIBOR comes closest to Treasuries since Lehman collapse, indicating greater bank confidence
May 6
LIBOR Drops Below 1%
Anticipated milestone underscores improvements in credit markets
May 1
LIBOR Approaches Six-Year Low
3-Month LIBOR ready to go below 1% as credit begins to flow again
April LIBOR News
April 29
LIBOR-OIS Spread is Sign of Confidence in Fed
Key indicator of market mood approaches pre-Lehman collapse levels
April 29
Assurant Issues LIBOR-Based Catastrophe Bond
$150 million bond provides protective funds for insurers incurring huge losses from natural disasters
April 25
Angola’s Sale of LIBOR-based Bonds Off to Poor Start
5% of preliminary offering sold; eventual $9 billion issue to offset declining oil revenues
April 25
Fed Introduces New TALF rates based on LIBOR
Loans secured by Asset-Backed Securities meant to free up capital for new lending
April 22
Wynn Resorts Renegotiates LIBOR-based Debt
Relaxation of covenants in exchange for higher interest rates is move seen at many companies during downturn
April 22
Kimco Closes Term Loan Based on LIBOR
REIT to repay outstanding amounts in revolving credit facility
April 17
General Growth Properties Receives Bankruptcy Financing Tied to LIBOR Rates
“DIP” financing for America’s #2 mall developer at customary high margin above index
April 17
Inter-American Development Bank Extends LIBOR-Based Loans to Panama, Uruguay
50-year-old financial institution provides funds and assistance to Caribbean and Latin American nations
April 15
LIBOR in Fastest Decline Since January
Increased Banker Confidence Driving the Drop
April 15
UK Pension Funds to Offer LIBOR-Based Loans
Lending to benefit companies unable to access capital amid market downturn
April 11, 2009
NiSource Closes Loan Based on LIBOR
Interstate utility expands lending amount originally announced in February
April 11, 2009
Bank of Japan Announces LIBOR-Based Loans to Domestic Banks
Central bank’s move to bolster Japanese institutions’ capital, promote availability of capital
April 8, 2009
Tata Motors Seeks Refinance on Bridge Loan Tied to LIBOR rates
April 8, 2009
Businesses Pay Big Margins Over LIBOR rates to Relax Loan Conditions
April 3, 2009
Park Plaza Hotels Gets Increase in LIBOR-Based Financing
Extra funds to enable expansion of construction plans for new London property
April 3, 2009
Kia U.S. Unit Obtains LIBOR-Based Loan
Wells, BofA, Chase among lending group for American sales division of South Korean automaker
April 1, 2009
LIBOR-Based Financing Boosts Chinese Companies
Sino enterprises take advantage of agreeable rates while competitors suffer during global liquidity crunch
April 1, 2009
Central Banks’ Actions Contribute to Easing LIBOR
Favorable response to Federal Reserve and European Central Bank crisis policies demonstrated in freer credit
March LIBOR News
March 24, 2009
US Dollar LIBOR Reacts After Treasury’s Toxic Debt Announcement
Overnight Dollar LIBOR down, 3-Month LIBOR up after Geithner reveals plan to jumpstart lending
March 24, 2009
Russ Barrie Modifies LIBOR-Based Financing
Children’s products company trades higher rates for more flexibility
March 20, 2009
Dollar LIBOR Hits Two-Month Low on Fed Action
$1 trillion injection to lower borrowing costs eases LIBOR, spread indices tied to U.S. currency
March 20, 2009
Citibank to Issue Asset Backed Securities Pegged to LIBOR
$3 billion issuance backed by credit cards is eligible under TALF
March 17, 2009
Islamic LIBOR Not Feasible: Sharia Advisor
Alternate benchmark eschewing LIBOR’s reliance on interest rates would have religious appeal but disruptive consequences
March 17, 2009
Signet Jewelers Renegotiates LIBOR-Based Financing
Key part of lending agreement relaxed in exchange for higher interest rate
March 13, 2009
Bank of England to Purchase Gilts to Tighten Sterling LIBOR/OIS Spread
Buyback of British government bonds is hoped to lower LIBOR through cash injection
March 13, 2009
LIBOR-Based Credit Spreads Are Gauge of Market Recovery
Veteran asset manager Martin Sass says index comparisons, such as LIBOR/T-Bill “TED Spread,” foretell stimulus plan effectiveness
March 10, 2009
Bank of America, General Electric Sell Billions in LIBOR-Based Bonds
Corporate giants raise capital on offerings tied to LIBOR rate, backed by federal government
March 10, 2009
Chubb, Liberty Mutual Offer Multi-Billion-Dollar Bonds Tied to LIBOR
Major insurers raise funds from “catastrophe bonds” to buffer huge payouts
March 9, 2009
Fed Reserve Actions Reduce LIBOR-OIS Spread: Deutsche Bank Securities
Economists say recent Fed programs have positive effect on LIBOR-based indicator of banks’ willingness to lend
March 9, 2009
Sirius XM Closes LIBOR-Based Financing Deal
Satellite radio broadcaster receives “breathing room” with loan from Liberty Media Corp.
March 5, 2009
LIBOR and TIBOR Diverge
Tokyo Banks Charged Notably Higher Interbank Lending Rates than Overseas Counterparts
March 5, 2009
Sport Chalet Amends LIBOR-Based Credit Facility
Renegotiation with Bank of America comes amid sales decline
March 4, 2009
Royal Bank of Scotland Sells LIBOR-Based Notes
Troubled institution raises £3 billion backed by government guarantees
March 4, 2009
Fed’s TALF Offers LIBOR-Based Loans
Federal Reserve program will lend to holders of asset-based securities; LIBOR-based cost of funds to vary
March 3, 2009
AIG Receives Relief on LIBOR-Based Bailout Package
U.S. Government Lowers Interest Payments to LIBOR rate, Eliminating Previous Margin above Index
March 3, 2009
Whirlpool Renegotiates LIBOR-Based Financing
World’s Largest Appliance Manufacturer Can Raise Debt Limit in Exchange for Higher Rates
February LIBOR News
February 27, 2009
Russian State Bank to Issue LIBOR-Based Bonds
February 26, 2009
Corporations Compelled to Amend LIBOR-Based Financing at Less Favorable Terms
February 24, 2009
AIG Pursues Overhaul of LIBOR-Based Bailout Package
Changes Meant to Lower Interest Rate Burden, Preserve Company’s Credit Ratings
February 24, 2009
Greenspan Looks to LIBOR to Predict Prolonged Downturn
Former Fed Chairman Sees Continued Bank Fears in Key LIBOR-OIS Spread
Febraury 18, 2009
Borse Dubai Seeks LIBOR-Based Refinance
Febryary 18, 2009
China, Russian Firms Agree on LIBOR-based Oil Loan
February 17, 2009
Woori Bank Weighing Bonds at High Margin Above LIBOR
February 17, 2009
LIBOR Shows that Money Markets Are Still Unready to Boost Economy
February 12, 2009
Sotheby’s Slumps, Negotiates New LIBOR-Based Lending Agreement
February 12, 2009
Morgan Stanley Sells Billions in LIBOR-based Bonds
February 10, 2009
LIBOR Anticipates Government Stimuli
February 10, 2009
Meade Instruments Receives New Funding Tied to LIBOR
February 9, 2009
Low LIBOR Acts as Bomb Squad on “Exploding ARMS”
February 9, 2009
Fed to Launch TALF Program to Loosen Credit, Based on LIBOR”
February 5, 2009
Positive LIBOR Movement Halts
February 5, 2009
European Central Bankers Mull New Actions; LIBOR is a Determinant
February 4, 2009
LIBOR Hits Four-Week High; U.S. Financial Sector Worries Continue
February 4, 2009
Lyondell Chemical Receives Largest Bankruptcy Loan Ever, Underscoring LIBOR’s Role in Such Financing
February 2, 2009
World Economic Forum Seeks Indicators of Future Economy; LIBOR is watched
January LIBOR News
January 29, 2009
Mixed LIBOR readings
January 29, 2009
Tata Examines LIBOR-based Financing Options to Complete Purchase of Land Rover, Jaguar
January 27, 2009
Top Russian Oil Producer Gets Corporate Loan Tied to LIBOR
January 27, 2009
LIBOR Dollar Rates Rise, LIBOR/OIS Sterling Spread Widens, Indicating Increased Market Concerns
January 26, 2009
Citigroup raises $12 billion with Certain Bonds Tied to LIBOR
January 26, 2009
Pep Boys Closes Credit Facility Tied to LIBOR
January 22, 2009
LIBOR Rises as Markets Fear End of Government Rate Cut Options
January 20, 2009
Banks Not Assured of Boon in Restructuring Advisement; LIBOR-Based Bankruptcy Loans More Lucrative
January 19, 2009
Key LIBOR indicators worsen
