Crédit Ag frees capital for $2bn of green loans

Credit Agricole from corp media gallery copyright Xavier Isaac 230x150
By Jon Hay
06 Mar 2017

The world of green finance has intersected with that of synthetic securitization for what may be the first time, in a $3bn risk transfer deal that could show a way to free up banks’ balance sheets to expand green lending.

Crédit Agricole CIB is obtaining a guarantee on the first loss tranche of a $3bn portfolio of infrastructure and project finance loans, from a fund managed by Mariner Investment Group, a New York hedge fund.

The bank has committed to redeploying the capital freed up — roughly 75% of ...

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