Germany’s Helaba Sells SRT Linked to €2.3 Billion of Loans (2)

German bank Helaba said it completed a significant risk transfer tied to a pool of €2.3 billion ($2.4 billion) of corporate loans.

The transaction, which comprises three tranches, will allow Helaba to release about €1 billion of risk-weighted assets, it said in a statement on Monday. Two international institutional investors are providing credit protection for the mezzanine tranche in a deal carried out via Kingston Capital, a special purpose vehicle, according to the statement. A representative for Helaba declined to name the investors.

Kingston Capital issued €157.6 million of floating rate notes, data compiled by Bloomberg show. The transaction ...