EBRD, EIB, EIF, KfW Invest in First Greek Non-Bank Securitization

By Paul Tugwell

(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