Category: Capital Relief Trades
Western Alliance Bancorporation (WAL), a $35bn western US lender headquartered in Phoenix, Arizona, completed a $242m 144a credit linked note (CLN) sale at the end of June to cover first losses on $1.9bn reference pool of mortgage warehouse loans.
This constitutes another capital relief trade brought to the market by a US regional following the lead of Texas
Not yet registered? Join today to access SCI Content.