Synthetic slew

Category: Capital Relief Trades ABS

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CRT issuances hit before year-end

A slew of synthetic securitisations have hit the market before year-end. The risk transfer issuances include a trio of EIF financial guarantees, one of which is supported by blockchain technology, and a pair of Colonnade deals.

The blockchain transaction – which marks the first time a corporate loan securitisation has been executed via distributed ledger technology in the EU involves the EIB Group granting BBVA a €60m mezzanine guarantee that will be used to provide up to €360m to finance new investment projects of Spanish SMEs and midcaps.

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