the insider’s guide

US fund HIG Capital acquires 90 mln euros of Hellenic Halyvourgia loans

The fund will be able to implement the plan it has prepared for the development of significant activity in the logistics sector. The plan envisages the construction and operation of modern logistics facilities from the acquisition of the area in Aspropyrgos.

G. Kofinakos; Greek banks plan synthetic securitizations to cope with NPLs

 Greek capital relief trade (CRTs) issuance is set to pick up this year, after the completion of Piraeus Bank's synthetic securitization (of 2billion euros).

Goldman Sachs takes on all big state, banking contracts – the role of Harry Eliades

One after the other, Goldman Sachs has been taking on all of the major contracts from the state and systemic banks lately.

Stournaras, Greek banks will face a higher burden from Covid related defaults.

The burden from new Covid-19 related defaults will be higher for banks that already had a high stock of NPLs such as Greek banks, where a big chunk (if not all) of the existing buffers was meant to be used to address part of their legacy NPLs .

Seanergy Maritime (Cl. Restis) agreed on a debt restructure

he company (major shareholder is  Claudia Resti,  Victor Resti's sister) announced that it has completed agreements with creditors for the restructuring of loans and convertible bonds, amounting to $179 million.

Govt, banks agree on immediate launch of Hercules II

Banks stressed that the across-the-board freezing of auctions is detrimental to the effort to further reduce problem loans through the "Hercules" securitizations.

Piraeus Bank in talks with Intrum for Vega EUR5bn NPE securitisation

Piraeus, as expected, has been involved in direct talks with Intrum over the planned Vega securitization (a mixed EUR5bn portfolio).

EBA: Loans under moratoria dropped to EUR 587bn in Q3.

The European Banking Authority (EBA) published today its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire

Loan servicers expect 20 bln euros of securitizations in 2021

In the last year, loan management companies-members of the association have made more than 75,000 loan restructuring arrangements, amounting to over 2 billion euros in portfolios that have been transferred.

Intralot enters into a binding lock-up agreement with bondholders for EUR 750 millon debt restructure

The company has announced that is has entered into a lock-up agreement  with an ad hoc group of noteholders, 

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