Santander Plans SRT Linked to £1 Billion of UK Consumer Loans

Banco Santander SA is reaching out to investors about a potential significant risk transfer linked to a portfolio of about £1 billion ($1.3 billion) of loans out of its UK unit, according to people familiar with the matter.

The size of the SRT is around £90 million, and the underlying portfolio is made up of unsecured personal loans, said the people, who asked not to be identified because the matter is private. The marketing of the deal is at an early stage, and terms are subject to discussion with investors, they added.

A representative for Santander declined to comment.

SRTs ...