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Home2020July

Month: July 2020

Is there renewed interest from Comer Group in MIG loans?
Featured

Is there renewed interest from Comer Group in MIG loans?

9 July 2020 Konstantinos Papagrigoris

How the Loutraki casino acquisition from the Comer Group has revived the sale of MIG loans.

Men’s clothier Brooks Brothers files for bankruptcy (Rtrs)
News

Men’s clothier Brooks Brothers files for bankruptcy (Rtrs)

8 July 2020 Editors

Men’s apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday according to Reuters. Brooks Brothers joins a long…

Eurobank to distribute to shareholders  mezzanine/junior notes from Cairo securitisation
News

Eurobank to distribute to shareholders mezzanine/junior notes from Cairo securitisation

8 July 2020 Editors

How will the bonds be distributed to the bank’s shareholders. What does the assessment report from Deloitte say?

Eurobank and Piraeus Bank move to  rekindle HIG Capital’s interest in 110 mln euros of Kypriotis loans
Featured

Eurobank and Piraeus Bank move to rekindle HIG Capital’s interest in 110 mln euros of Kypriotis loans

8 July 2020 Konstantinos Papagrigoris

How ΗΙG Capital prompted Eurobank, Piraeus Bank to renew efforts to sell loans owed by the Kypriotis hotel group.

Pimco and Bain Capital Cerved, Credito Fondiario have submitted non binding offers, for Galaxy, Bloomberg
News

Pimco and Bain Capital Cerved, Credito Fondiario have submitted non binding offers, for Galaxy, Bloomberg

7 July 2020 Editors

Bain Capital Credit and PIMCO, Cerved Group SpA and Elliott-backed Credito Fondiario SpA,   are said that they have made…

Greek lenders extend loan moratorium until end of 2020
News

Greek lenders extend loan moratorium until end of 2020

7 July 2020 Editors

What is going on with the moratorium, what are loan servicers and banks concerned about.

ECB, NPLs will increase after the mandatory payment moratoria
Experts

ECB, NPLs will increase after the mandatory payment moratoria

7 July 2020 Editors

Non-performing loans are very likely to increase in the future, particularly once the effects of the mandatory payment moratoria decreed…

Greece and official creditors seek compromise over planned primary-residence sale-and-leaseback subsidy schemes
News

Greece and official creditors seek compromise over planned primary-residence sale-and-leaseback subsidy schemes

7 July 2020 Editors

Greece and official creditors seek compromise over planned primary-residence sale-and-leaseback and mortgage installment subsidy schemes. The Greek government and Troika…

Bank of Greece to appoint Rothchild, Boston Consulting, and  Deloitte on bad bank.
News

Bank of Greece to appoint Rothchild, Boston Consulting, and Deloitte on bad bank.

7 July 2020 Konstantinos Papagrigoris

Yiannis Stournaras, Bank of Greece Governor, has already sent a draft of the bad bank plan to the Ministry of Finance. Also, he will run three tenders to hire advisors for different aspects of the plan.

New push to clean up  backlog of pending Katseli law cases
News

New push to clean up backlog of pending Katseli law cases

6 July 2020 Editors

Greek, borrowers that have applied for primary-residence foreclosure-protection under the original so-called Katseli law and their case has yet to…

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