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  • Transaction / Assets
    3 NPL portfolios
  • Seller
    Cassa di Ravenna
  • Buyer
    POP NPLs 2018
  • € MM
    58.8

Cassa Ravenna sold NPLs for 58.8 million

02 November, Ansa

The banks of the group Cassa di Ravenna (Cassa di Ravenna Spa, Banca di Imola S.p.A. and Banco di Lucca e del Tirreno S.p.A.) sold three NPLs portfolios, respectively of the value of 35.5 million, 19,5 million and 3,8 million euro, amounting in total to 58.8 million. The portfolios went to the special purpose vehicle POP NPLs 2018. As the memo reads, the operation is included in the bad loans securitisation plan which sees the participation of other fourteen banks.

POP NPLs 2018 S.r.l. will proceed with issuing the obligations in the next few weeks. The state guarantee (Gacs) will be requested for the senior tranche.

Source: Ansa

Translator: Cristina Ambrosi