Private buyers miss out on more SME ABS as EIB stake helps Bari issue €220m deal

By Tom Porter
07 Aug 2014

Banca Popolare di Bari has kept more SME ABS out of the hands of private investors after selling the majority of a securitization of loans to Italian small and medium-sized companies to the European Investment Bank and retaining the rest.

The Italian bank issued the four tranche €220.1m 2014 Popolare Bari SME Srl this week through arranger JP Morgan. The transaction is backed by both mortgage and commercial loans made to Italian companies by the bank and its subsidiary Cassa di Risparmio di Orvieto.

The European Investment Bank ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial