Greek Lender Retains Credit Card ABS

01 Sep 2011

Greek lender EFG Eurobank Ergasias has launched and retained Karta 2, a EUR900 million ($1.28 billion) securitization of Greek credit card loans.

Greek lender EFG Eurobank Ergasias has launched and retained Karta 2, a EUR900 million ($1.28 billion) securitization of Greek credit card loans.

The unrated, single-tranche trade launched late August, with the 2.1-year bond carrying a coupon of one-month EURIBOR plus 100 basis points.

The deal, which comes after the ...

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