NordLB frees up lending capacity with synthetic securitisation
Germany’s Norddeutsche Landesbank has structured a second risk transfer trade in as many months, selling mezzanine risk to an institutional investor in a move designed to free up space on its balance sheet for more lending.
The bank sold a second loss risk tranche on a pool of infrastructure loans to a UK institutional account. The deal is understood to pay a high single digit coupon, although details were unavailable early on Wednesday afternoon.
The Blue Rock synthetic securitisation is backed by a portfolio of
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