Hedge fund Davidson Kempner Capital Management is partnering with the UK government to provide capital relief to agricultural lender Oxbury Bank through a synthetic risk transfer covering as much as £500m ($662m) of loans to small and medium-sized farming businesses, according to a report by Bloomberg.Under the transaction, the British Business Bank will provide a guarantee covering the senior portion of the portfolio, while New York-based Davidson Kempner will invest in a junior tranche, accord...
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