BBVA Plans SRT Tied to €3 Billion of Mortgages Amid Mideast War

BBVA SA is working on a significant risk transfer tied to a portfolio of mortgages as banks press ahead with such deals amid the ongoing war in the Middle East.

The Spanish lender is discussing an SRT tied to about €3 billion ($3.5 billion) of home loans with high loan-to-value ratios, according to people familiar with the matter, who asked not to be identified because the matter is private.