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UNCFF Unicredito SPA (PK)

36.8454
-1.04 (-2.76%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredito SPA (PK) USOTC:UNCFF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.04 -2.76% 36.8454 35.88 37.69 36.8454 36.63 36.742 1,899 21:00:29

UniCredit Sells Non-Performing Loans Portfolio to Illimity, Guber Banca, Barclays

21/07/2020 2:45pm

Dow Jones News


Unicredito (PK) (USOTC:UNCFF)
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By Jessica Sier

 

UniCredit SpA said Tuesday that it has agreed to sell a portfolio of Italian small- and medium-enterprise non-performing loans to Illimity SpA, Guber Banca and Barclays PLC.

The portfolio consists of Italian large-ticket exposures with a total gross claim value of 702 million euros ($803.6 million).

Illimity has bought a portion with a claim value of EUR477 million and GAIA SPV--the securitization vehicle that has Guber Banca and Barclays as noteholders --has bought around EUR225 million.

The agreement is already accounted for in UniCredit's second-quarter financial statements.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

July 21, 2020 09:30 ET (13:30 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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