GACS alternative?

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News Analysis

Friday 15 March 2019 16:25 London/ 11.25 New York/ 00.25 (+ 1 day) Tokyo

Category: ABS

A group of investors led by Värde, Guber and Barclays have acquired an approximately €734m GBV non-performing loan portfolio originated by 22 mutual, rural and cooperative Italian banks. The transaction is unusual for an Italian NPL securitisation, given that it has been achieved through mutualisation, as opposed to relying on a GACS guarantee.

Francesco Guarneri, ceo of Guber, …

  showing 60 out of 356 words of this article

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