MONEY MASTER

Apollo Global Management Inc. has acquired a significant portion of Deutsche Bank AG’s risk transfer related to a $3 billion leveraged finance debt portfolio. According to sources familiar with the matter, the New York-based asset manager purchased over 50% of the significant risk transfer (SRT) transaction, which was issued through Deutsche Bank’s Loft program . In SRT transactions, banks transfer the risk associated with loan portfolios while retaining ownership of the assets. They pay investment firms to absorb future losses, typically securing default protection for up to 15% of potential losses. In exchange, investors often receive attractive yields, commonly in the low double digits. Deutsche Bank increased the size of this SRT transaction due to strong investor demand, as reported by Bloomberg earlier this month. The SRT consists of a portfolio comprising various credit facilities and loans. The riskiest tranche of the bonds, totaling $420 million , was priced at 10.5 perc...

Apollo Global Management Inc. has proposed a multibillion-dollar investment in Intel Corp. , signaling confidence in the chipmaker's ambitious turnaround strategy , according to sources familiar with the matter. The alternative asset manager has offered an equity-like investment of up to US$5 billion (RM21.02 billion) , although the size of the deal could change, and talks may not result in a final agreement. Intel, led by CEO Pat Gelsinger , has been executing an expensive plan to revitalize its business with new products and technologies, aimed at attracting outside customers. However, a series of weak earnings reports has dampened confidence and slashed tens of billions of dollars from Intel's market value. This potential investment comes as Qualcomm Inc. is reportedly considering a friendly takeover of Intel , which could result in one of the largest M&A deals in history. Apollo has a pre-existing relationship with Intel, having agreed in June to purchase a stake in...