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0 0 -0.000171644352900877 0.000686577411603144 0.00137315482320629 0 -0.000171644352900877 0.000686577411603144
Stock impact report

Outstanding US Law-Governed USD LIBOR Instruments Planned to Transition to Term SOFR [Yahoo! Finance]

ZURICH INS GROUP S/ADR (ZURVY) 
NASDAQ:AMEX Investor Relations: zurich.com/en/investor-relations
Company Research Source: Yahoo! Finance
On March 5, 2021 , the UK Financial Conduct Authority (the FCA) announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the " Cessation Date Farmers Exchange Capital II issued $335 million of 6.151% Trust Surplus Notes Securities due 2053 and invested the proceeds thereof in an equivalent amount of surplus notes (collectively, the " 2053 Notes ") issued by the Exchanges and Farmers Exchange Capital III issued $500 million of 5.454% Trust Surplus Notes Securities due 2054 and invested the proceeds thereof in an equivalent amount of surplus notes (collectively, the " 2054 Notes " and together with the 2053 Notes, the " Surplus Notes ") issued by the Exchanges that: i. use USD LIBOR as a benchmark (i.e., as a reference for calculating or determining one or more valuations, payments or other measurements), ii. did not mature before the Cessation Date and iii. are governed by U.S. law or the law of a U.S. state. Show less Read more
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