UniCredit finds way to fund NPL sale fast
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UniCredit finds way to fund NPL sale fast

Jean-Pierre Mustier UniCredit

UniCredit’s flagship non-perfoming loan (NPL) sale, Project Fino — which stands for “failure is not an option” — will only raise 40% of its cash up front, with UniCredit granting Pimco and Fortress, the buyers of the €17.7bn portfolio, more than three years to pay the rest.

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