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LIBOR sunset: Discover what it means for higher ed finance
Author(s) -
Scott Kevin B.
Publication year - 2019
Publication title -
campus legal advisor
Language(s) - English
Resource type - Journals
eISSN - 1945-6239
pISSN - 1531-3999
DOI - 10.1002/cala.30990
Subject(s) - libor , demise , debt , bond , interest rate , actuarial science , economics , financial system , finance , monetary economics , political science , law
If you have a role in the financial aspects of your college or university, you may be aware that LIBOR (London Inter‐Bank Offered Rate) is set to be discontinued in the last quarter of 2021. LIBOR has been the base index for most variable‐rate loans, bonds, interest‐rate swaps, and other instruments for many years. Despite the trillions of dollars of debt obligations based on LIBOR, there hasn't been as much press as one would expect about its imminent demise.