We are pleased to announce that we have advised Bracebridge Capital, a hedge fund manager based in Boston, in the acquisition of 95% of the mezzanine and junior notes in the Frontier II securitisation. The securitisation involves non-performing receivables of total book value of approximately €1 billion, originated by National Bank of Greece, a systemic Greek bank listed on the Athens Exchange. The senior notes, retained by National Bank of Greece, benefit from the Greek State guarantee under the third Greek Hellenic Asset Protection Scheme (HAPS) enacted in December 2023.
The Zepos & Yannopoulos team was led by Christina Papanikolopoulou, head of Finance & Capital Markets, and included partner Paris Tzoumas and senior associate Athina Palli.
