(Visited 29 times, 1 visits today)
(Visited 29 times, 1 visits today)

Possible partnership of Intesa Sanpaolo with Prelios regarding UTPs

04 May, Milano Finanza

Intesa Sanpaolo is currently negotiating a deal with Prelios concerning its UPTs amounting to 10 billion euro in total. The servicer might acquire a UTP portfolio for four billion and manage UPTs for other six billion which would be still held by the bank. Although the selling price for the portfolio hasn’t been disclosed yet, it might be sold at 50-55% of its nominal value with a 36.2% coverage.

Source: Milano Finanza

Translator: Cristina Ambrosi

(Visited 29 times, 1 visits today)

Read more:
Iccrea Banca is speeding up on the securitisation with Gacs for 500 million euro

05 February, Bebeez Everything seems to be ready for the securitisation with Gacs of an NPL portfolio for a value...