The terms of the Subordinated Notes currently provide that interest will accrue from August 9, 2023 at a rate per annum which will be 1.730% above the 5-Year Mid-Swap Rate. The 5-Year Mid-Swap ...

On the Reset Date, the rate at which any outstanding 2029 notes will bear interest will reset to a rate per annum which will be 3.379% above the 5-Year Mid-Swap Rate (as defined in the indenture ...

Bond traders reduced bets on Federal Reserve interest-rate cuts in 2024, with the odds of a move in March falling to about one-in-three, after a report on US job openings highlighted strength in ...

Additionally, European real estate companies do not finance themselves at the ECB rate but rather via five- to 10-year mid-swaps, which already price the rate cut cycle to a terminal rate of 2-2.5%.

Discover Financial Services and Discover Bank have certain outstanding preferred stock and debt securities, listed in this press release, that use 3- month USD LIBOR or the 5- year USD LIBOR Mid ...

On the Reset Date, the rate at which any outstanding 2029 notes will bear interest will reset to a rate per annum which will be 3.379% above the 5-Year Mid-Swap Rate (as defined in the indenture ...