The National Bank of Greece (NBG) has announced the completion of the Etalia A transaction, which envolves the disposal of a portfolio of non-performing exposures (NPE) with a total principal amount of c.€0.1 bilion to a purchaser company (Leon Issuer DAC) managed by Bain Capital.

The transaction is capital accretive.

doValue Greece undertook the servicing of the Etalia A portfolio.

DoValue Greece undertook servicing of the Etalia A portfolio.

Morgan Stanley & Co. International plc acted as the financial adviser and arranger of the transaction, while Karatzas & Partners Law Firm and Clifford Chance LLP served as the local and international external legal counsel to NBG, respectively.

Original Story: NBG
Edition: Prime Yield