Piraeus securitizes NPL debt pile with Intrum AB

Piraeus securitizes NPL debt pile with Intrum AB

Tom Brown

March 02, 2021 02:00 PM

Piraeus_Alamy_575x375_02March21 — HPB1N3 Greek Piraeus Bank building along 25is Avgoustou, Heraklion, Crete, Greece, Europe. | Alamy Stock Photo

Piraeus Bank has agreed its largest NPL sale to date, with debt purchasing firm Intrum AB agreeing to buy 30% of the mezzanine notes in the securitization of the €4.9bn portfolio.

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Topics

Coronavirus Greece JP Morgan RMBS UBS Securitization ABS Europe EMEA

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Tom Brown