Landmark $3 Billion Socially Responsible Synthetic Securitization

Tuesday, March 7, 2017

Crédit Agricole CIB is pleased to announce the completion of Premium Green 2017-2, a $3 billion synthetic risk transfer related to the bank’s portfolio of project finance and object finance loans.

This transaction is a first-of-its-kind Green Capital Note, blending best practices from capital management with the objectives of socially responsible investing.

Mariner Investment Group, through its IIFC platform, has purchased notes corresponding to the $3 billion Structured Finance portfolio through two of its managed funds, bringing Mariner’s overall transaction volume to more than $8.2 billion in synthetic securitization risk transfer.

The Premium Green 2017-2 reference portfolio consists of approximately 200 obligors, and is distributed across Crédit Agricole CIB’s market-leading franchise in power, oil and gas, real estate, infrastructure, aviation, shipping, and rail lending.

Source: Press Release (link opens in a new window)

Impact Assessment, Investing
impact investing