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LIBOR RATE

BP
Beverly Palmer
Wed, Sep 15, 2021 6:48 PM

We have some matters financed with the Libor Rate being the index that the variable rate is tied to.  We understand that it is going away at the end of 2021.  What are other cities doing when faced with this issue?  Tying it to another index, if so, which one? Or seeking other financing options?

Any thoughts would be welcomed.

Thanks,

Beverly Palmer
City Attorney
City of Del City
3701 S.E. 15th Street
Del City, OK  73115
bpalmer@cityofdelcity.orgmailto:bpalmer@cityofdelcity.org
Office: (405) 671-2813
Fax:  (405) 571-2897

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We have some matters financed with the Libor Rate being the index that the variable rate is tied to. We understand that it is going away at the end of 2021. What are other cities doing when faced with this issue? Tying it to another index, if so, which one? Or seeking other financing options? Any thoughts would be welcomed. Thanks, Beverly Palmer City Attorney City of Del City 3701 S.E. 15th Street Del City, OK 73115 bpalmer@cityofdelcity.org<mailto:bpalmer@cityofdelcity.org> Office: (405) 671-2813 Fax: (405) 571-2897 DISCLAIMER - This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.