Attica Bank, completed the securitisation of its “Domus” and “Rhodium” non-performing loan (NPL) portfolios, with a combined book value of approximately €3.7 billion.

These securitisation transactions were executed simultaneously and were among the most intricate NPL securitisations in the Greek market to date. The Arthur Cox team advised Attica Bank, S.A. on the transaction.

The Bank holds 100% of the senior notes of the ‘Domus’ securitisation, worth € 728 million, and 5% of the mezzanine and junior notes.

In addition, it holds 100% of the senior notes of the ‘Rhodium’ securitisation of €476 million and 5% of the medium and junior notes. 95% of the medium and junior notes of the ‘Domus’ and ‘Rhodium’ securitisations have been transferred to an entity advised by Davidson Kempner Capital Management LP.

The portfolios are managed by Cepal Hellas Financial Services.

Original Story: Capital.gr
Edition and translation: Prime Yield