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publication of the rate in April 2018.

Fannie Mae issued $6 billion securities tied to SOFR in July 2018. Again in October 2018, Fannie Mae issued a second $ 5 billion securities that was also similarly tied to SOFR.

In August 2018, Barclays became the first bank to issue commercial paper tied to the rate; selling some US $525 million of short-term debt.

In July 2019, the SEC and the President of the New York

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