Irish SRT

Allied Irish Bank’s (AIB) SRT transaction is making headway. In its first half results back in August, AIB disclosed it was “progressing RWA management measures such as a significant risk transfer (SRT) transaction” with a deal expected to close 2H24.

Sources suggest it will reference a pool of corporate loans, with a small retained first loss and a 10% tranche detachment. There are currently around seven investors bidding on the deal, although the final number is expected to be smaller. The spread is projected to be in the 6-8% range.

In other news

MBank is also looking to issue a repeat transaction in Poland. It has previously issued deals for corporate, CRE, and consumer loans. Also in Poland, Bank Millennium is looking to close a trade in December.

Joe Quiruga

Irish SRT

Irish SRT

Related stories

Category: Capital Relief Trades

Friday 18 October 2024 16:39 London/ 11.39 New York/ 00.39 (+ 1 day) Tokyo

SRT Market Update

Allied Irish Bank’s (AIB) SRT transaction is making headway. In its first half results back in August, AIB disclosed it was “progressing RWA management measures such as a significant risk transfer (SRT) transaction” with a deal expected to close 2H24.

Sources suggest it will reference a pool of corporate loans, with a small retained first loss and a 10% tranche detachment. There are currently around seven investors bidding on the deal, although the final number is expected to be smaller. The spread is projected to be in the 6-8% range.

In other news

MBank is also looking to issue a repeat transaction in Poland. It has previously issued deals for corporate, CRE, and consumer loans. Also in Poland, Bank Millennium is looking to close a trade in December.

Joe Quiruga

×