Author: David Cameron

David Cameron is a partner in the Capital Markets practice group in Dorsey’s Hong Kong office and also serves as co-chair of the India practice group. He specializes in representing and advising corporate and investment banking clients in connection with equity and debt securities offerings pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, including high-yield private placements, block trades and medium-term note programs for issuers across Asia.

What the LIBOR Phase-out Means for Debt Capital Market Participants

What the LIBOR Phase-out Means for Debt Capital Market Participants

The London Interbank Overnight Rate (“LIBOR”) is an interest rate calculation that is used globally for purposes of debt capital market transactions including bond issuances, loans, and derivatives. In particular, LIBOR underpins many Floating Rate Notes (“FRNs”), which use the rate as a reference for purposes of calculating coupon. The intention is that LIBOR reflects the overall health of the financial system, which in turn...