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UniCredit set to free up capital with potential SRT deal, Bloomberg News reports

Published by Uma Rajagopal

Posted on November 9, 2024

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(Reuters) – UniCredit is selling a significant risk transfer (SRT) linked to a 1.5 billion euro ($1.62 billion) credit portfolio to free up capital, Bloomberg News reported on Friday.

The Italian lender is marketing an SRT worth 144 million euros which is linked to domestic residential mortgages, the report said, citing people familiar with the matter.

($1 = 0.9287 euros)

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Shreya Biswas)

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