Nordea Said to Plan SRT Tied to €1.7 Billion of Loans

A Nordea Bank branch in Stockholm.

Photographer: Mikael Sjoberg/Bloomberg

Nordea Bank Abp is considering a significant risk transfer tied to about €1.7 billion ($2 billion) of corporate loans, according to people familiar with the matter.

The SRT could be equivalent to about 7% of the underlying portfolio, said the people, who asked to not to be identified because the matter is private. Nordea officials are sounding out investors on terms, the people said.