Santander Eyes Dollar SRTs Tied to Buyout Debt, Corporate Loans

Banco Santander SA is mulling significant risk transfers tied to portfolios of dollar-denominated buyout debt and corporate loans, as the Spanish lender expands its US investment banking business.

Santander is sounding out investors for a potential SRT deal tied to about $1.2 billion of leveraged buyout debt, according to people familiar with the matter, who asked not to be identified because the matter is private. The bank may also consider selling an SRT tied to $1 billion of corporate loans, they said. Both of the deals would be denominated in dollars, they added.

The transactions are at an early stage ...