ISSUANCE of loans and securities linked to the Swap Offer Rate (SOR) that mature after end-2021 will need to cease by April next year, in a push by a financial industry-led committee to shift away from the use of SOR to the Singapore Overnight Rate Average (Sora) in financial products.
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Asian borrowers start ramp-up in bond sales at start of year
Borrowers are taking advantage of near-record low credit spreads for firms and governments to tap the US dollar market
