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NPL from the former Beyond the Clouds for 2 billion euro coming up on the secondary market

09 May, Bebeez

Christofferson, Robb & Company (Crc) and Bayview might put for sale by June an NPL portfolio worth 2 billion euro referred to the Beyond The Clouds portfolio acquired last year from Intesa Sanpaolo, as reported by Milano Finanza.

Hence, the Italian secondary market of NPL is warming up. In fact, another big operation currently in process is the one by Crédit Agricole. The bank put for sale the Italian credits – mainly unsecured – included in the four securitisation vehicle companies under the Luxemburgish law for a total gross amount of about 6 billion euro.

Source: Bebeez

Translator: Cristina Ambrosi