07-05-2025
BNP Agrees to SRT Deal With PGGM Tied to $2 Billion of Loans
BNP Paribas SA is offloading some of the credit risk it has from a $2 billion portfolio of loans, shifting the exposure to Dutch pension fund manager PGGM, according to a statement from the two firms provided to Bloomberg News.
A substantial part of the reference portfolio is linked to renewable energy projects in Europe, North America, and Asia that help reduce reliance on fossil fuels.
