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Category: Capital Relief Trades ABS
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Mariner Investment Group and Crédit Agricole have collaborated to create the first green capital relief trade, the French lender's largest synthetic issuance to date. Dubbed Premium Green 2017-2, the innovative US$3bn risk transfer transaction combines capital management best practices with the objectives of socially responsible investing.
According to Pascale Olivie, head of structuring, research and asset allocation in Crédit Agricole's credit portfolio management group in Paris, the securitisation allows the lender to "release capital, which can in turn be used to finance green assets for the real economy."
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