The name of the special purpose vehicle, the super senior credit default swap tranch and the equity portion were not disclosed, but officials familiar with the transaction said the structure is very similar to SMBC’s Proton deal that closed in December.
The latest transaction is being arranged by Goldman Sachs, which also arranged the Proton deal with Daiwa Securities SMBC Europe, although Goldman Sachs didn’t confirm the mandate.
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quantile, TriOptima face off in cleared swaps compression battle
- Quants stymied by lack of alternative risk premia flows data