UniCredit unlocks €1.3bn of NPLs and reduces ratio to 3%

UniCredit has teamed up with Pimco, GWM and Finance Roma for Project Sandokan 2, a co-investment programme which entered its operational phase on Thursday. It follows the successful launch of the debut Sandokan project, involving €1.3bn of loans implemented in December, 2016.

  • By Tom Brown
  • 07 Jun 2019

The programme continues with the implementation of Sandokan 2, a part of the Sandokan NPL securitization programme, which has the bandwidth to package up to €2bn of loans. A first tranche of loans will be transferred to the SPV by mid-June.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.50%
2 JPMorgan 63,371.79 193 9.63%
3 Wells Fargo Securities 50,770.30 154 7.72%
4 Bank of America Merrill Lynch 50,413.91 166 7.66%
5 Credit Suisse 45,852.68 144 6.97%