Portuguese NPL deal set, but past missteps could dent demand
The first Portuguese non-performing loan (NPL) securitization is set to hit the market in the autumn, but some buyers say the deal could be a tough sell given the recent history of Portuguese banks.
The deal is being issued by Caixa Económica Montepio Geral, the bank holding company of Montepio, which has mandated JP Morgan to arrange the sale.
The securitization is still in its early stages, but sources say it will comprise a mixed portfolio of secured and unsecured loans at
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