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  • Transaction / Assets
    NPL portfolios
  • Seller
    UniCredit
  • Buyer
    Illimity, Guber Banca, Barclays
  • € MM
    702

Unicredit sold NPLs for a total of 702 million to Illimity, Guber Banca and Barclays

22 July, Bebeez

Unicredit sold NPLs for 477 million to Illimity and 255 million to Guber Banca and Barclays Bank, for a total of 702 million euro. The operation was carried out through the special purpose vehicle Gaia and exclusively concerns unsecured loans to Italian SMEs under the Italian law. Meanwhile, Illimity issued senior financing for 11 million euro. The funding is guaranteed by an NPL portfolio mostly composed of corporate loans.

Source: Bebeez

Translator: Cristina Ambrosi

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