Nordea signs corporate and SME loan securitisation
Nordea Bank Abp (“Nordea”) is entering into a synthetic risk sharing transaction, referencing EUR 5.1bn of Nordea’s loan portfolio. As part of the transaction, investors will purchase credit linked notes referencing the first loss tranche of the portfolio. - Risk sharing transactions constitute a core part of the toolbox that enables Nordea to free up capital at attractive rates for redeployment into our core business, says Mark Kandborg, Head of Group Treasury and ALM. The transaction strengthens Nordea’s role as the number one provider of credit to the Nordic economies (ibid.). -