Espa banner
Espa banner

Souriadakis Tsibris advises Christofferson, Robb & Co (CRC) on the first synthetic securitization transaction in Greece


On 16 March 2021 Piraeus Financial Holdings announced it entered into an important and innovative transaction with the global investment firm Christofferson, Robb & Co (CRC) concerning the synthetic securitization of a portfolio of performing corporate loans, a first-of-its-kind for the Greek market.

The gross book value of the loan portfolio concerned is approximately € 1.4 billion and our firm, in cooperation with Simmons & Simmons UK, acted as advisor for CRC on the Greek law aspects of the transaction.

The transaction is expected to be completed in Q2 2021.

For more information on the Banking and Insurance practice of our firm, please click here.