JPM, Barclays prep sale of third non-GACS NPL deal
JP Morgan has arranged an Italian non-performing loan securitization for Guber Banca. The deal parcels a €1.25bn book, in only the third Italian NPL securitization not to use the government’s GACS guarantee scheme since it was introduced. Class A notes in the deal may be sold next year, subject to market conditions.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast