Koutalidis, working with Clifford Chance, has advised Attica Bank on a EUR 220 million synthetic securitization of its SME and Large Corporate portfolio.
According to Koutalidis, "this transaction, which marks the first synthetic securitization via a direct issuance of credit linked notes by a Greek bank, enabled Attica Bank to achieve significant risk transfer and reduce its risk-weighted assets by approximately EUR 150 million, through the sale of the mezzanine tranche of the CLN."
The Koutalidis team included Partners Effie Papoutsi and George Naskaris.
Koutalidis did not respond to our inquiry on the matter.
