Citigroup to Sell SRT Tied to $8 Billion of Corporate Loans
Citigroup Inc. is working on a significant risk transfer linked to a portfolio of about $8 billion of loans, according to people familiar with the matter.
New York-based Citigroup is offloading credit risk on the portfolio of corporate loans, said the people, who asked not to be named because the deal is private. The SRT notes will be issued out of a program known as Terra, one of the people said.
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