FinCorp

SynopsisSOFR, a new international benchmark, has come into existence to replace the London Interbank Offered Rate or LIBOR from January 1.iStockHero FinCorp has become the first Indian company to raise a secured overnight financing rate (SOFR)-linked syndicated loan, said people aware of the matter. The non-bank finance company, promoted by Hero MotoCorp, raised $350 million…Continue Reading