EFG Eurobank Ergasias closed its 3.3 billion ($4.2 billion) Greek securitization of receivables. The transaction was arranged by Citigroup and Deutsche Bank.
The deal, Anaptyxi SME II 2009-1,is the first Greek securitization of receivables arising from a portfolio comprising 100% Allilohreos loans. These are a type of Greek revolving loans to small and medium businesses and large corporates. Its the second deal from Eurobank EFG containing such assets. The class A Notes were rated 'A1' by Moody's Investors Service.