The bank has applied for the guarantees from Hercules for all three Cairo titles and for the first two, the issue is expected in the coming days. The doValue deal is also expected in the coming days.
Under these circumstances, Hercules plan is unable to achieve the expected disposal of problem assets and now the market considers the Eurobank-doValue agreement to be a critical crash test for Hercules in view of the difficult conditions.
5 May 2020EditorsComments Off on doValue asks for minor adjustments to complete the Cairo
doValue has asked Eurobank for minor tweaks, such as changes in the timing of management fees and the extension (by 1-2 years) of the servicing agreement.
Eurobank and Dovalue have completed the FPS deal.
Eurobank has announced for 2021 that it will securitize NPEs worth 1.7 billion euros and sell a 0.4 billion euro portfolio.