SAN ANTONIO, June 22, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) announced today that, after June 30, 2023, three-month CME Term SOFR will be the replacement reference rate for all outstanding junior subordinated deferrable interest debentures issued by Cullen/Frost Bankers, Inc. that use three-month U.S. dollar LIBOR as the reference rate.
Read more at prnewswire.comCULLEN/FROST ANNOUNCES CME TERM SOFR AS REPLACEMENT REFERENCE RATE FOR OUTSTANDING U.S. DOLLAR LIBOR-LINKED SECURITIES
PR Newswire - Press Release
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