Banks test post-Libor structures

摘要

Banks are taking advantage of exceptionally buoyant conditions in the US credit markets to test previously unpopular perpetual structures as they vie to set new standards for a post-Libor world. jp morgan, bb&t, bmo and m&t all priced perps last week, adding their own wrinkles in a complex debate over the best way to develop the asset class with Libor due to be phased out by the end of 2021.