Transaction / Assets NPL portfolioSeller UniCreditBuyer Prisma SPV€ MM 6000
Unicredit sold NPL portfolio for 6 billion at 21.8% of the GBV
22 October, Credit Village
Unicredit transferred with the State Guarantee NPLs for a total of 6 billion euro at 21.8% of the portfolios’ gross book value to the special purpose vehicle Prisma SPV S.r.l. DoValue has been appointed for the collection, while Italfondiario will operate as the master servicer.
The portfolio is composed for 64% by secured loans and 36% by unsecured loans, mainly originating from retail customers. The secured loans are mostly backed by residential assets. The portfolio is highly granular, for the first ten holdings represent 0.4% of the total GBV.
Source: Credit Village
Translator: Cristina Ambrosi