NordLB harvests equity with securitized credit portfolio

By Tom Porter
27 Mar 2014

NordLB has placed a securitized tranche of an €11.4bn high quality loan portfolio with institutional investors, releasing between €350m and €400m of equity in the process.

The German state-owned bank did not disclose the terms of the deal, structured through its Northvest investment platform, saying only that it had sold a €450m tranche to “international institutional buy-and-hold investors” and retained a number of other tranches.

The credit portfolio was subject to a due diligence ...

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