Tag: #sofr

Exxon quietly sells $169 million bond maturing in 2076, tailored to niche tax buyers

Exxon issued $169.3M floating-rate notes due 2076, tied to SOFR minus 0.45%, with call/put features and provisions aimed at ESOP tax planning.

#exxonmobil, #bonds, #sofr, #esop, #tax

Fed’s standing repo backstop hits record $74.6 billion on year-end funding squeeze

Banks and dealers tapped the Fed’s standing repo facility for a record $74.6B on Dec. 31 as year-end pressures exposed uneven reserves.

#federalreserve, #repomarkets, #sofr, #liquidity, #moneymarkets