St Paul's Cathedral

Risk transfer round-up - 25 January

Category: Capital Relief Trades ABS


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CRT sector developments and deal news

Deutsche Bank issued a leveraged loan capital relief trade in December among a flurry of risk transfer transactions (SCI 21 December 2018). Dubbed LOFT 2018-1, the US$240m 10-year CLN was priced at 13.25%. According to SCI data, it is the widest print of the year.

The deal is non-callable and features an eight-year weighed average life.

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