Commerzbank Sells SRT as CEO Sets Out to Free Up Capital
- Deal is linked to a portfolio of €2 billion in corporate loans
- Sale is latest as market for significant risk transfers booms
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Commerzbank AG is working on a significant risk transfer amid an effort by Chief Executive Officer Bettina Orlopp to unlock capital.
The German lender is selling an SRT linked to a portfolio of €2 billion ($2.2 billion) in corporate loans, according to people familiar with the matter. The size of the SRT is about €150 million, said the people, who asked not to be identified because the matter is private.