10:43 AM EDT, 08/13/2024 (MT Newswires) -- NatWest ( NWG ) said Tuesday it has executed a 1.1 billion pound ($1.41 billion) own-asset securitization deal to recycle capital and increase lending to clients in the renewable energy and energy transition sectors.

The synthetic risk transfer securitization transaction, which had funding from Nuveen Infrastructure and Christofferson Robb, will provide credit protection against a portfolio of about 40 renewable energy project finance loans, NatWest ( NWG ) said.

NatWest ( NWG ) shares were rising 0.7% in recent trading.

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