Eurobank preps €2bn non-performing mortgage sale ahead of likely Greek GACS

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By Owen Sanderson
30 May 2019

Eurobank has securitized a €2bn portfolio of non-performing mortgages, ahead of the likely development of a Greek version of the Italian guarantee scheme for senior tranches of NPL deals.

The bank has structured the deal, Pillar Finance, retaining a €1.044bn senior tranche, which DBRS has rated BB (low). It now has binding offers for the equity in the portfolio, which was being marketed by Alantra, the Spanish boutique which took over KPMG’s portfolio advisory unit last ...

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