(Bloomberg) — In the first asset-backed securitization transaction issued by a non-bank originator in Greece, EBRD, European Investment Bank, European Investment Fund and Kreditanstalt für Wiederaufbau are investing in a securitization transaction for small and medium-sized enterprises originated by AutoHellas, according to emailed statement from EBRD.
Supporting capital market development in Greece, EBRD is investing EU15m, EIB is investing EU32.3m and KfW is investing a total of EU25m.
Joint investment will furnish AutoHellas with medium-term liquidity which will be used to provide new leases to Greek SMEs over coming years.
Transaction was arranged by StormHarbour Securities LLP
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