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Greece's Alpha Bank sells Tier-2 bond, yield at 5.5% reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Syndicated Content Feb 22, 2021 1:56 AM ATHENS (Reuters) - Greece s Alpha Bank will sell a 10.8 billion euro ($13.09 billion) portfolio of impaired loans and 80% of loan services provider Cepal Holdings to U.S. fund Davidson Kempner under a definitive agreement it announced on Monday. The sale of the portfolio, known as Galaxy, will be the second-largest rated securitisation of non-performing exposures (NPEs) in Europe after Monte dei Paschi s Sienna project, it said. The deal is expected to reduce Alpha Bank s NPE and NPL ratios in Greece to 24% and 13% respectively from 43% and 29% in September 2020. Reuters had exclusively reported that Alpha Bank had selected Davidson Kempner as its preferred bidder in November last year. ....
Alpha Bank to sell 10.8 billion euro portfolio to Davidson Kempner msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Alpha Bank to sell 10.8 billion euro portfolio to Davidson Kempner reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.