St Paul's Cathedral

Risk transfer round-up - 14 June

Category: Capital Relief Trades ABS


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CRT sector developments and deal news

Standard Chartered is believed to have priced a corporate capital relief trade this week. The bank’s last corporate CRT was completed in June 2018. Dubbed Sumeru 3, the US$285m CLN paid 7.70% (see SCI’s capital relief trades database).

Sumeru 3 coincided with a resurgence in Standard Chartered’s risk transfer issuance, following a three-year gap.

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