Using historical regularities (excluding the COVID period due to its exceptional character), a commonly used measure looks at the percentage of changes in market rates which translates over time into changes in lending rates on new loans (i.e. the so-called pass-through). Looking at passthrough measures, the repricing of corporate debt securities is much faster than the repricing of bank loans.
In particular, a change in market rates is fully transmitted to a corresponding change in  corporate bond yields within the same quarter (the pass-through rate is about one), while for lending rates it usually takes about six months to one year until changes in market rates are passed through to corporate bank lending rates.