PGGM Enters into a $2.5 Billion Synthetic Securitization Deal
Posted on 01/11/2016
Dutch pension fund manager PGGM signed a massive synthetic securitization deal with Banco Santander in relation to a €2.3 billion portfolio of small business loans. The portfolio is made up of more than 6,000 loans to Santander’s clients in Spain. PGGM is essentially selling credit insurance against potential losses on a portion of Santander loans. […]
