04:07 PM EDT, 10/17/2024 (MT Newswires) -- Banco Santander (SAN) is fielding interest from investors regarding a potential significant risk transfer tied to loans held by its UK unit in a 1 billion British pounds ($1.3 billion) portfolio, Bloomberg reported Thursday citing people familiar with the matter.

The significant risk transfer is about 90 million pounds covering a portfolio of unsecured personal loans, the people reportedly said.

The deal is in its early stages of marketing, and terms are still being negotiated with investors, the sources added.

Banco Santander did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 5.00, Change: -0.01, Percent Change: -0.20