IFLR1000

National Bank of Greece €648.8 million SME loan securitisation

8/8/2016
Securitisation
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€ 648.8 million

$ 695.985 million

Completed

8/8/2016

Overview:

  • The National Bank of Greece has securitised a €648.8 million portfolio of SME loans.
  • Four classes of senior notes will be issued by the vehicle Sinepia on the Irish Stock Exchange.
  • The deal is the first Greek SME securitisation since 2007.
  • The European Investment Fund, European Investment Bank and the EBRD invested in the transaction. HSBC acted as coordinator.

Sam Duke - Editor

Jurisdictions:

Greece
Italy

Deal type:

Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Banking

Firms:
Clifford Chance

Party: HSBC (Coordinator)

Party: European Investment Trust (Investor)

Party: European Investment Bank - EIB (Investor)

Party: European Bank for Reconstruction and Development (Investor)

DVLAW

Party: National Bank of Greece (Originator, Joint lead manager)

Lawyer: Yiannis Palassakis

Orrick Herrington & Sutcliffe

Party: National Bank of Greece (Originator, Joint lead manager)

Lawyers: Annalisa Dentoni-Litta, Madeleine Horrocks, Patrizio Messina

Zepos & Yannopoulos

Party: HSBC (Coordinator)

Party: European Investment Trust (Investor)

Party: European Investment Bank - EIB (Investor)

Party: European Bank for Reconstruction and Development (Investor)

Lawyer: Christina Papanikolopoulou

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