Banco Santander (SAN) is preparing significant risk transfers tied to $2 billion of US corporate loans and more than 1 billion pounds ($1.33 billion) of commercial real estate loans in the UK, Bloomberg reported Wednesday, citing people familiar with the matter.
The deals, used to help maintain the bank's solvency ratios, come as Santander readies acquisitions in the US and UK, including its planned $12 billion purchase of Webster Financial, the report said.
Terms of the potential transfers remain under discussion with investors, the report said.
Santander did not immediately reply to a request for comment from MT Newswires.
(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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