We have advised National Bank of Greece on the closing of Project Frontier II, a multi-asset securitization of NPEs with a gross book value of c. €1 billion. 95% of the Mezzanine and Junior notes were sold to investment funds managed by Bracebridge Capital, LLC. National Bank of Greece retained 100% of the Senior notes, utilizing the provisions of the Hellenic Asset Protection Scheme (”Hercules”) and 5% of the Mezzanine and Junior notes.

Our team was led by our Partner Catherine Karatzas, assisted by our Senior Counsel Katerina Dalamara, our Associates Stavroula Simitzi and Pinelopi Anyfanti and our trainee Aspasia Stellakatou Loverdou.

We are honored to have worked for our client on this complex and value adding transaction.

For more information: https://www.nbg.gr/el/omilos/grafeio-tupou/arthra/R-20-02-24-FrontierII