ING Plans SRT Tied to Project Finance, Including for Oil and Gas

ING Groep NV is planning a significant risk transfer on €3.5 billion ($4.1 billion) of loans to projects in sectors including oil, gas and renewable power as the Netherlands’ largest lender steps up its use of such instruments.

Final terms of the transaction are subject to discussions with investors, according to people familiar with the deal who requested anonymity because the details aren’t public.