Deutsche Bank AG is selling a significant risk transfer linked to a portfolio of $3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to drive this market toward record volumes this year.

The size of the SRT is around 8% of the portfolio, or about $240 million, with the loans in both North America and Europe, the people said. The notes will form part of the lender’s Craft program, they added, asking not to be identified because the deal is private. A representative for Deutsche Bank declined to comment.