NPL securitisation flourishes

Category: NPLs ABS

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Extention of GACS to UTPs to fuel further growth?

European NPL securitisation has flourished over the past two years, reaching a total of €15bn in new issuance since 2016, with many deals coming from Italy since the introduction of the GACS guarantee. Further transactions are expected given the possibility of extending the guarantee to unable to pay (UTP) loans.

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