Permanent TSB hangs on to risk retention in NPL disposal
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Permanent TSB hangs on to risk retention in NPL disposal

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Permanent TSB announced last week that it sold a €1.3bn book of non-performing loans, Project Glenbeigh, which hit the securitization market last week in a full capital stack issuance underwritten by Citi. But though the Irish bank has sold the loans and booked the capital benefits, it is still the risk retention holder on the transaction.

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