HSBC Plans Risk Transfer Linked to £3 Billion of Corporate Loans

HSBC Holdings Plc plans to issue a significant risk transfer linked to a portfolio of about £3 billion ($3.4 billion) of loans, according to people familiar with the matter.

The transaction is tied to investment grade and high-yield corporate loans, said the people, who didn’t want to be identified because the matter is private. A representative for HSBC declined to comment.