Zepos & Yannopoulos advises Bracebridge Capital on Project Frontier III

We are pleased to announce that Zepos & Yannopoulos acted as Greek legal counsel to entities advised by Bracebridge Capital, LLC in the successful securitisation of the Frontier III portfolio consisting of non-performing exposures and originated by the National Bank of Greece S.A. (NBG) with a total gross book value of c€0.7 billion, following the receipt of the State guarantee on the Senior notes, under the Hellenic Asset Protection Scheme (HAPS). The National Bank of Greece has retained 100% of the Senior notes and 5% of the Mezzanine and Junior notes, selling 95% of the Mezzanine and Junior notes to funds managed by Bracebridge Capital, LLC.

The Zepos & Yannopoulos team comprised of Paris Tzoumas, head of Finance, Efthymis Naoumis, senior associate and Tina Sofianou, associate.