Generous pricing gives Eu1.3bn German NPL debut wings

15 Dec 2006

Citigroup and Credit Suisse launched the first securitisation of German non-performing loans yesterday (Thursday) for Lone Star Funds.

Bluebonnet Finance Plc sold Eu1.34bn of notes across five rated tranches, backed by a pool of performing (24%), sub-performing (26%) and non-performing (50%) loans secured on German commercial and residential properties. ...

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