Goldman Sachs to sell SRT tied to US$3b of leveraged loans
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Goldman Sachs Group Inc is selling significant risk transfer (SRT) tied to a portfolio of approximately US$3 billion of leveraged loans; the deal involves notes linked to revolving credit facilities and term loans; terms are under discussion with potential investors; Basel III Endgame rules are expected to increase regulatory capital requirements by 9% for the eight largest US banks; SRTs have gained popularity, particularly among European banks; investors typically receive a floating-rate coupon with yields often exceeding 10%; the announcement was made on September 12, 2024.

#GoldmanSachs #Srt #LeveragedLoans #BaselIii #FinancialRegulation #Investors #CreditRisk #CapitalRequirements #FloatingrateCoupon #UsBanks

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