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Barclays provides financing for Värde Italian NPL buy

Värde Partners, Barclays and Guber Banca announced last Friday the acquisition of a €1.4bn book of non-performing loans (NPL) originated by 53 cooperative banks, rural banks and popolari banks in Italy.

  • By Asad Ali
  • 09 Jul 2018

The portfolio was acquired by a securitization vehicle, Futura SPV, with proceeds from the issuance of a single tranche acquired mainly by a Värde subsidiary, with financing provided by Barclays. Guber Banca acquired a minority share of the paper.

The 9,000 loans in the NPL portfolio — €1.4bn in ...

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