EBRD makes two investments to support Polish banks

20 Dec 2012

The European Bank for Reconstruction and Development has bought Z213m (€52m) of bonds from Getin Noble Bank’s car loan securitisation, the first from Poland since the financial crisis.

The Aa3 rated bonds bonds were priced at the end of last week at 200bp over three month Wibor. But generally the deal struggled to find private investors that were comfortable with the collateral and country risk.

Bankers on the transaction conceded that the Z519m offering was only partially ...

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