Puglian houses

Landmark SRTs inked

Category: Capital Relief Trades ABS

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BP Bari completes capital relief trades

Banca Popolare di Bari has completed two capital relief trades that reference respectively a €1.1bn Italian SME portfolio and a €1.8bn Italian residential mortgage portfolio. This is the first time that transactions have been carried out between an Italian standardised bank and a private investor.

The risk transfer trades were arranged by Banca IMI and they are funded first loss deals that reference predominantly southern Italian exposures.

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