2021 - Page 28 of 71 - NPL Confidential

Frontier project goes to doValue for 160 mln euros

20 July 2021 Konstantinos Papagrigoris

The price reportedly amounting to some 160 million euros, which corresponds to just more than 35% of the nominal value of mezzanine notes.

Deadline for binding bids on Sunshine project extended to Aug 10

20 July 2021 Konstantinos Papagrigoris

Private equity funds Bain and Fortress, Canadian Professional Insurance Broker (CPIB) together with the Spain’s Hipoges as well as the DEVA-Qquant scheme have passed on to the next stage of the tender.

Fitch: Raises growth in Greece to 4,3% this year

19 July 2021 Editors

The rating agency has affirmed Greece’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘BB’ with a Stable Outlook.

NBG is said to opt for Fortress- Bain Capital –doValue for Frontier

19 July 2021 Editors

The management of the National Bank is opting for the doValue-Fortress-Bain Capital scheme for the 6-billion-euro Frontier securitization scheme, according…

How loan servicers will extend grace period under Hercules II

19 July 2021 Christos Ziotis

The law on the extension of Hercules sets three conditions for the extension of the grace period that loan servicers receive on securitized loans backed by the state.

ΙΜF welcomes the extension of Hercules APS

16 July 2021 Editors

The IMF encouraged the authorities to work with European partners to find a solution for the weak quality of bank capital, as Bank of Greece’s proposal to establish an Asset Management Company (AMC) has been shelved,

Alpha Bank is rewarded for its progress in NPE reduction

16 July 2021 Editors

Alpha Bank has been named “Best Bank in Greece” for 2021 for a second consecutive year, at the “Awards for…

HINES: The favorite for Capsis in Crete

16 July 2021 Editors

The sales of Capsis, in Agia Pelagia, Crete, was completed yesterday. The 5-star hotel was placed under special management (in…

Μorgan Stanley opts two bidders on National’s Bank Frontier deal

16 July 2021 Editors

As we enter the final stage, the bidder for the mega 6-billion-euro deal of National Bank (project Frontier) will emerge,

NPLs in Greece drop by 15 billion euros in the last year

15 July 2021 Editors

Speaking in Parliament, the minister said that with a new law, Hercules is being extended for 18 months and 12 billion euros of additional guarantees are being provided by the state.