Discontinuation of LIBOR and transition to SONIA – guidance for Offshore Transmission Owners
Guidance
- Publication date
- Industry sector
- Offshore Transmission Network
Our guidance sets out Ofgem's view that the transition from LIBOR to SONIA will not be considered a Qualifying Refinancing under the Offshore Transmission Licence (OFTO licence) and the action each OFTO must take to notify Ofgem.