Bank of Ireland closes €3bn risk transfer deal

Loans Volumes
By David Bell
03 Jan 2017

Bank of Ireland has structured a synthetic securitization to transfer the risk exposure on a pool of €2.9bn business banking and corporate loan assets to a small group of international investors.

The bank issued €186.55m of credit linked notes backed by a reference portfolio of €2.87bn of loans originated by the bank’s business banking and corporate banking divisions in the Republic of Ireland. The bank said in a statement that the deal, Grattan Securities DAC, carried an initial ...

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