19 Hrs
Source:
الاقتصادية
PGIM agrees to buy $3B in loans
Primed by the distilled essence of your original, here's the translation: "BGIM, the asset management arm of Prudential Financial, announced the signing of an agreement to purchase loans worth up to $3 billion from Green Sky, a company specializing in home improvement financing. The deal extends over three years and focuses on expanding asset-backed financing activities, a sector that traditional banks have retreated from. BGIM will acquire the loans through a 'forward flow' agreement, which allows investors to purchase loans before they are originated, amidst ongoing demand for home improvement financing—a key segment within consumer loans. This move follows the company’s commitment to providing $4 billion for investment projects in the real estate sector."
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