The completion of the “Frontier III” transaction was announced today by National Bankafter receiving the warranty from the Greek government on high -profit priority bonds.
Specifically, following a relevant announcement of February 27, 2025, the National Bank informs the investment public of the completion of the “Frontier III” transaction, after receiving the guarantee by the Greek State on the high -profile priority bonds pursuant to the provisions of Law 4649/2019. Credit Institutions “Hercules”.
The transaction concerns the securitization of non -performing openings of a total accounting value of approximately 0.7 billion euros.
The EIB holds 100% of high (Senior) priority bonds, as well as 5% of medium -sized and low (junior) priority bonds, while 95% of medium -sized confessions (mezzanine) and low (junior) priority priority Management of Bracebridge Capital, LLC.
Morgan Stanley & Co. International has acted as a financial advisor and organizer of the transaction, while the law firms Clifford Chance LLP and Karatza & Associates as Assistant Legal Councilors of English and Greek Law respectively.