Bringing about increased efficiencies and standardisation
Developing markets offer great opportunities as global dynamics shift, demand for their resources increases and new technologies evolve. At the LMA, we seek to bring about increased efficiencies and standardisation in developing markets, whilst educating our members about the opportunities and challenges they may face when operating in these regions.
On 28 May 2021, we published a further suite of documentation to facilitate the syndicated loan market in transitioning away from the use of LIBOR to compounded risk-free rates ("RFRs"). We published new Developing Markets and Investment Grade documentation based on compounded RFRs from the outset. We also updated our existing RFR documentation, and some of our investment grade 'Mandate and Syndication' documentation. In addition, we published an RFR drafting guide for our wider documentation suite.