The successful completion of the Mexico transaction was announced today by Eurobank Holdings.
In particular, following the relevant announcement from October 11, 2021, Eurobank Holdings (“Eurobank”), announces that following the fulfillment of all the conditions and obtaining the necessary approvals, it has completed:
(a) the sale of 95% of mezzanine notes and 95% of junior notes issued under the securitization of a gross portfolio of non-performing claims (NPE) with a nominal value of € 5; 2 billion (€ 3.2 billion book value) (“the Securitization of Mexico”) and,
(b) the management agreement of this portfolio with doValue Group.
The transaction will not have a significant impact on Eurobank’s total regulatory capital and due to the completion of the transaction, the Eurobank NPE index is expected to reach 7.3% at the end of the year.
Financial Advisor for Eurobank: Alantra Corporate Portfolio Advisors International Limited. Legal Advisers for Eurobank: Allen & Overy LLP and Karatza Law Firm & Associates.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
