Esoteric ABS Market Provides Strong Post-COVID Liquidity
Esoteric ABS — which offers corporate managers with unique asset classes non-recourse, low-cost financing — bounced back quickly.
The LIBOR Floor Is Rising
For many investment-grade borrowers, a LIBOR floor could double the funding spread on a loan.
Avoiding the Floor on Negative Rates
The impact of the inability of a borrower to take advantage of negative base rates is significant.