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Stock impact report

Germany's LBBW Sells SRT Tied to Loans as Deals Reach Record [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District Inside NYC's Playbook for Getting Federal Grant Funds The Tartarian Candidate A Courtyard Apartment Building Designed for Southwest Sprawl Booming Cambridge Exposes England's Widening Wealth Gap The size of the SRT is about €142 million, referenced to a portfolio of corporate loans, said the people, who asked not to be identified because the matter is private. Final terms of the transaction are subject to discussions with investors. Loans tied to significant risk transfers have reached about $1 trillion as deals are running at the fastest pace on record for the fourth year in a row, according to data compiled by Chorus Capital Management. Among recent transactions in Europe, Banco Santander SA is selling an SRT linked to a portfolio of about £1 billion ($1.3 billion) of UK consumer loans, and HSBC Holdings Plc is issuing a significant risk transfer linked to a portfoli Show less Read more
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