Danish pension fund snaps up AIB infrastructure debt

The $350m deal comes as buyside investors are increasingly eyeing the loan portfolios of banks

PensionDanmark, a €16bn Danish pension fund, has bought $350m of UK infrastructure project debt from Irish bank AIB, as the encroachment of fund managers and investors into the business of direct lending continues.

Following a state bailout in 2010, AIB undertook a government-mandated disposal of €10bn of its assets. The current $350m sale completes programme.

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