Esteban Duarte

1 week ago | news.bloomberglaw.com | Esteban Duarte |Sonia Sirletti

UniCredit SpA is working on a significant risk transfer transaction tied to a portfolio of about €1.2 billion ($1.36 billion) of factoring contracts, according to people familiar with the matter. The discussions with investors are at an early stage with terms and deal size subject to change, said the people who asked not to be named as the matter is private. SRTs are a way for banks to insure loans against default by selling credit-linked notes to pension, sovereign wealth and hedge funds.

3 weeks ago | bloomberg.com | Eleanor Duncan |Esteban Duarte |Amedeo Goria

Issuance of European collateralized loan obligations is likely to slow temporarily as managers adjust to a recent report by regulators, according to analysts at Citigroup Inc. The research argues that guidance issued on Monday differs from previous interpretations of European Union rules set up to ensure CLO issuers have ‘skin in the game’ — a substantial financial stake in their vehicles.

3 weeks ago | amwatch.com | Esteban Duarte |Jorge Zuloaga

More than 30% of the enlarged portfolio is linked to environmental, social, and governance performance indicators, says Banco Bilbao Vizcaya Argentaria to Bloomberg. By Esteban Duarte and Jorge Zuloaga, BloombergBanco Bilbao Vizcaya Argentaria SA (BBVA) is tripling the size of the loan portfolio linked to a significant risk transfer agreed on with Dutch pension fund manager PGGM and bringing in Swedish pension group Alecta as a second investor.

3 weeks ago | bloomberg.com | Esteban Duarte |Thomas Gualtieri |Sonia Sirletti

Intesa Sanpaolo SpA plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as lenders look to bolster defences amid global tariff tensions. The Milan-based bank is discussing with investors an SRT deal tied to about €1.5 billion ($1.6 billion) of environmental, social and governance labeled loans, said the people, who asked not to be identified because the deliberations are private.

3 weeks ago | bloomberg.com | Esteban Duarte |Jorge Zuloaga

BBVA SA is tripling the size of the loan portfolio linked to a significant risk transfer agreed with Dutch pension fund manager PGGM and bringing in Swedish pension group Alecta as a second investor. The reference portfolio is being increased to €6 billion ($6.48 billion) of corporate loans, up from the €2 billion previously agreed , the Spanish bank said in an emailed statement replying to questions from Bloomberg.