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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingwill be covered by the SPVs issuing three classes of securitisation - senior, mezzanine and junior/equity... Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingSARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing... of the mezzanine and junior notes. The implied valuation of the portfolio based on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to around 58 percent
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Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to 50 percent... percent of the mezzanine notes to its shareholders and retain five percent of the instruments
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingand Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes... of the transaction comes to 47.4 pct of the portfolio book value. Piraeus Bank will hold 5 pct of the mezzanine... of 5.2 billion euros nominal value. It involves the sale of a part of the mezzanine and junior notes
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBanking(senior, mezzanine, subordinated junior/equity). The lower class of notes will be subscribed... (mezzanine). Additionally, the ability to absorb added losses through the transformation of deferred... of repayment of the senior bond classes (senior, mezzanine). Servicing companies for loans and credits
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Banks step up securitisation drive following pandemic interruption
EconomyBankingAPS and consisted of three tranches of senior notes of 2.4 billion euros, 1.5 billion in mezzanine and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes. doValue purchased 20 pct of the mezzanine notes and the minimum requirement
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingand consisted of three tranches of senior notes of 2.4 billion euros, 1.5 billion in mezzanine and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes. doValue purchased 20 pct of the mezzanine notes and the minimum requirement for the junior notes
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingof three tranches of senior notes of 2.4 billion euros, 1.5 billion in mezzanine and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes. doValue purchased 20 pct of the mezzanine notes and the minimum requirement for the junior notes
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Newsletter 283 -05/02/2021
, 1.5 billion in mezzanine and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes. doValue purchased 20 pct of the mezzanine notes
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingof the mezzanine notes in the Vega securitisation, the bank said in a filing. The bank would distribute 65 percent... of the mezzanine notes. The bank submitted an application last month for Vega’s inclusion in the Hercules Asset... portfolio, based on the anticipated fair value of the senior notes and the sale price of the mezzanine notes
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