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.
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.Management and special servicing activities ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com