We have advised National Bank of Greece on Project Frontier III, a multi-asset securitization of NPEs with a gross book value of c. € 0,7 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 Catherine Karatzas, assisted by Katerina Dalamara, Stavroula Simitzi and Magdalini Komi.
Our team was further assisted by Eleonora Ligoutsikou (tax), Ismini Georgakopoulou, Natalia Angelou, Dimitris Sfyris, Konstantina Psaridou, Marilia Platsa and Aggeliki Michalopoulou (finance) and Dimitra Karampela, Panagiotis Kontizas and Georgia Patiri (data protection).