Crédit Ag frees capital for $2bn of green loans

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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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