Finance
Deutsche Bank Increases Leveraged Loan Risk Transfer on Demand
- Riskiest portion priced at spread of 10.5 percentage points
- Underlying portfolio boosted to $3 billion from $2 billion
A Deutsche Bank branch in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank AG bolstered the size of a significant risk transfer by $1 billion after strong investor demand, according to people with knowledge of the matter.
The SRT now hedges exposure to a $3 billion portfolio of leveraged loans after a private credit manager offered to take a significant portion of the deal, the people said, asking not to be identified as the transaction is private.