SME synthetic securitizations bloom after barren Covid year

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By Tom Brown
26 Apr 2021

SME risk transfer deals are returning to the capital markets, after a year in which few private investors were keen to take subordinated SME risk in Europe's periphery, leading to increased reliance on the European Investment Fund to anchor deals.

SME trades set to launch this year are arising from core European countries, such as France and Switzerland – with market participants staying away from Southern European SMEs for the time being. Raising hopes of a record-breaking year, 2021 is off to a busy start, with the first ...

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