Mitsubishi UFJ Financial Group (MUFG) is contemplating issuing a significant risk transfer, or SRT, tied to roughly $2.5 billion of loans to attract insurance firms, Bloomberg News reported Tuesday, citing sources familiar with the matter.
The Japanese lender is already in talks with investors, though the size and other deal terms are not yet final, according to the report.
The SRT portfolio would mainly comprise corporate loans, and the transaction could be completed within this quarter, the unnamed sources told the news outlet.
Mitsubishi UFJ Financial Group didn't immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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