Deutsche Bank AG and Banco Santander SA are among financial institutions participating in a milestone synthetic securitization designed to help the World Bank Group leverage its ability to provide loans to emerging-market borrowers.
Intesa Sanpaolo SpA has wrapped up two significant risk transfers tied to corporate loans worth about $4.8 billion as it takes advantage of robust demand to make greater use of the hedging tool.
Banks had offloaded credit risk tied to more than €905 billion ($1 trillion) in loans as of the end of last year, up 26% from a year earlier, via the rapidly-growing market for significant risk transfers.
Blackstone Inc. is pushing forward in the fast-growing market for significant risk transfers as banks hedge possible losses in their swelling loan books.
Lloyds Banking Group Plc is looking to sell its first significant risk transfer deal of the year, linked to loans to small and medium-sized companies, according to people familiar with the matter.
Sumitomo Mitsui Banking Corp. is sounding out investors about at least two significant risk transfers, an increasingly popular transaction that helps lenders free up capital for more profitable growth.
Klarna is seeking to offload credit risk tied to a portfolio of ‘buy now, pay later loans’, in a deal aimed at freeing up capital as it looks to accelerate its international expansion plans.
National Bank of Canada is assessing investors’ appetite for a significant risk transfer deal, adding its name to a growing list of lenders exploring the instruments as a way to create room on their balance sheets.
Fortress Investment Group has agreed to buy as much as $1.5 billion of loans originated by fintech unicorn Wayflyer to underpin the Irish finance platform’s growth.
