Italy’s IBL Banca Eyes SRT Deal Arranged By UniCredit, Intesa
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Italy’s IBL Banca SpA is assessing investors’ interest for a significant risk transfer linked to a portfolio of salary-backed loans, according to people familiar to the matter.
The Rome-based lender is considering the SRT linked to a pool of around €1.8 billion ($2 billion) of loans, said the people, who asked not to be identified because the matter is private. UniCredit SpA and Intesa Sanpaolo SpA are arranging the potential transaction, said the people. The size of the SRT would be about 6% of the reference portfolio, the people said.