Zepos & Yannopoulos Advises Intrum on Piraeus Bank’s Project Sunrise I

Zepos & Yannopoulos Advises Intrum on Piraeus Bank’s Project Sunrise I

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Zepos & Yannopoulos has advised Intrum AB and Intrum Hellas on Sunrise I – a Hellenic Asset Protection Scheme securitization transaction originated by Piraeus Bank involving a retail and corporate NPE portfolio of EUR 7.2 billion gross book value.

According to the firm, “Intrum has agreed to purchase 49% of the mez and 50.1% of the junior notes, subject to customary conditions precedent.” 

Sunrise I is the third Hellenic Asset Protection Scheme securitization investment by Intrum AB, following Phoenix and Vega.

Zepos & Yannopoulos team was led by Partner Christina Papanikolopoulou and included Partner Elena Papachristou, Senior Associate Paris Tzoumas, and Associates Vivian Efthymiou, Athina Palli, and Myrto Tsoumalakou.