Icon Archives - NPL Confidential

National Bank to announce the sale of Icon to Bain Capital

5 June 2020 Editors

National Bank of Greece (NBG) is expected to announce today the sale of the Icon portfolio to Bain Capital, overcoming…

Bain asks for an additional 30% discount to the upfront price of ICON

14 May 2020 Editors

National Bank is considering broadening the scope of Icon sale to Bain, also including Romanian and Cypriot NPL portfolios. In the process, though, NBG may have to accept lower prices to dispose the portfolios.

National Bank: Securitizations, loan restructurings the medicine to the coronavirus

6 May 2020 Konstantinos Papagrigoris

The completion, albeit delayed, of planned securitizations and at the same time, continued restructuring of NPEs through the “Split & Settle” program are the two key parts of the strategy being implemented by the management of the National Bank of Greece.

National Bank – Bain Capital deal on Icon project a matter of time

29 April 2020 Konstantinos Papagrigoris

Bain called for a revision of the terms on the Icon project agreement, proposing a price reduction in exchange for inserting an earn-out clause in the deal, which means that NBG participates in future profits from the management of the loans.