UniCredit sells €1.5bn of NPLs

By Tom Brown
24 Jul 2020

UniCredit sold two non-performing loan (NPL) portfolios worth a combined £1.54bn over Tuesday and Wednesday this week, both through a securitization vehicle which sold notes to Barclays and Guber Banca.

The sale disposes of a portfolio of Italian small and medium sized enterprise (SME) and unsecured NPLs.

The first disposal on Tuesday had a total claim value of €702m, of which Illimity Bank bought approximately €477m, with Gaia Finance purchased the remaining €477m. Both investors are managing ...

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