National Bank of Greece (NBG), the biggest credit institution in the country, on Monday announced the first SME securitization transaction in the country since 2007, with 300 million euros raised in mid-term funding through the placement of senior notes with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD).
The senior notes, rated at BB by S&P and B- by Fitch, were stressed and withstood investment grade scenarios, but were capped by the sovereign ceiling (BB by S&P and B- by Fitch), according to a press release.
