Klarna Group (KLAR) is planning a significant risk transfer, or SRT, on about 6 billion Swedish kroner ($516.5 million) of loans originated by its Swedish unit to boost capital for its international expansion, Bloomberg reported Tuesday, citing unnamed sources familiar with the matter.
The transaction could be completed later this quarter, the sources told Bloomberg. Klarna is looking to launch banking products in other markets and has applied for a US bank license to expand its business in the country, according to the report.
Klarna Group did not immediately respond to MT Newswires' request for a 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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