VEGA Archives - NPL Confidential

Piraeus Bank hires advisors on Vega, Phoenix projects

20 June 2020 Editors

Who are the advisors Piraeus Bank has hired to sell two portfolios of bad debt worth about 7 billion euros, Reuters reported on Friday?

Piraeus Bank: NDAs to be sent out to international investors on Phoenix project

16 June 2020 Konstantinos Papagrigoris

Piraeus Bank chief executive Christos Megalou has given the order to top officials to speed up procedures concerning two securitizations that had been planned ahead of the pandemic (project Phoenix and project Vega), according to sources.

Piraeus Bank takes steps on key securitizations and hive down

2 June 2020 Konstantinos Papagrigoris

In the context of the hive down process, the bank will make all the necessary preparations for the securitization of non-performing exposures (NPEs) with a book value pre provisions of 7 billion euros via the Phoenix (2 billion euros) and Vega (5 billion euros) portfolios.

Piraeus Bank pushes ahead with Vega, Phoenix securitizations – CEO

31 March 2020 Konstantinos Papagrigoris

Piraeus proceeds with a 7 billion euros securitization project.
Ssecuritizations are on track to be included in Greece’s Hercules Asset Protection Scheme.