Hoist Finance successfully completes the first-ever Italian investment grade rated securitisation backed by a portfolio comprising only unsecured NPLs
(WorldNews Finland)

Hoist Finance successfully completes the first-ever Italian investment grade rated securitisation backed by a portfolio comprising only unsecured NPLs Hoist Finance has successfully completed the securitisation of a portfolio of Italian unsecured non-performing loans (`NPLs`) with a gross book value of EUR 5.0 billion (the `Transaction`) that was announced on 5 November 2019. This Transaction is a landmark representing the first-ever Italian investment grade rated securitisation backed by a portfolio comprising only unsecured NPLs. The loans were extended to both corporations and individuals, representing 42.6% and 57.4% of the asset pool by gross book value, respectively. The Transaction...