Positive impact

Category: Capital Relief Trades ABS

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Capital allocation factor debuts

Societe Generale has completed an innovative risk transfer transaction that, for the first time, incorporates a capital allocation factor that incentivises additional positive impact finance lending. Mariner Investment Group has purchased the junior tranche of notes through its IIFC platform. 

Dubbed Jupiter, the US$3.4bn transaction references more than 250 loans in over 40 countries across a variety of sectors, including energy, infrastructure, shipping, aircraft, metals and mining, real estate and TMT.

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