Latest News
Injecting momentum: GlaxoSmithKline's US$2.5bn and £1.9bn SOFR and SONIA linked RCFs
In September 2020, GlaxoSmithKline plc ("GSK") announced that it had signed new US$2.5bn 364-day and £1.9bn three-year SOFR and SONIA linked RCFs. The facilities were provided by a total of 12 banks on a bilateral basis (with HSBC acting as risk-free rate coordinator). In this spotlight interview, Kam Mahil speaks to those involved in the deal.
Transition from LIBOR in the loan market – Webinar Update
The clock is ticking and, as we progress through the final year of LIBOR, key milestones to cease LIBOR lending are rapidly approaching. Regulators across the globe have reiterated that firms cannot rely on LIBOR being published after the end of 2021. They also cannot rely on legislation to solve the transition for them. This live webinar, presented by Kam Mahil and Keith Taylor of the LMA, will provide an update on transition since the previous webinar in September 2020.
Loan market review of the year and key drivers for 2021
Our webinar entitled "Loan market review of the year and key drivers for 2021", which was streamed live on 3 December to over a 1,000 viewers, is now available on demand. It covers, amongst other things: Economic outlook; Review of loan market volumes and structures; Risks and opportunities impacting the loan market in 2021; Changing investor appetite and new sources of liquidity; and Impact of Brexit and Covid-19.
Events Calendar
Virtual Events
During this current crises, a key area where we are changing the way we deliver our services is, naturally, our events and training programme.
Last year, we produced a substantial number of webinars and virtual events/panel discussions. All this content can be viewed on demand on "LMA Player", our new video and audio recording hub. We also delivered our LMA Syndicated Loans Conference virtually for the first time in September 2020.
Video Content
Watch the latest webinars, snapshot interviews and recordings from key events.
Resources
Website overview video
Watch our video overview of the LMA website providing a virtual tour of the site to help you locate all the interesting and latest content.
Understanding the Loan Market
E-learning course comprised of 10 modules providing an overview of the syndicated loan market.
Subscription Lists
Members can subscribe to our marketing email distribution lists and interest groups. Subscriptions can be managed under the "Personal Profile" tab at the top of the page when you login with your username/password.
Desktop Series
The desktop series act as operational guides for teams to refer to when carrying out their day-to-day activities.
Member Alert - Unauthorised activity on LMA website (15 September 2020)
The LMA has become
aware of unauthorised activity on an archived copy of its website, which it is
in the process of investigating. We understand that names and email addresses
of members have been accessed, but not passwords which were protected by
encryption, or any other personal data.
As a precautionary measure, we would advise that members change their LMA password and passwords on any sites where they use the same password as for their members' LMA log-in. You can change your password under your "Personnel Profile" in the top RHS of the website when you login.
Coronavirus Update
The wellbeing of our members is a fundamental priority for us at the LMA and, in light of developments in relation to Coronavirus (Covid-19), we will be postponing all LMA events until the end of February 2021, with March 2021 onwards under review.
We will be reviewing the situation on an ongoing basis and will endeavour to give members as much notice as possible when events are postponed.
We would like to thank you for your understanding in relation to this matter and your continuing support of LMA activities.