We advised Intrum AB and Intrum Hellas in relation to Sunrise I, a HAPS securitisation transaction originated by Piraeus Bank involving a retail and corporate NPE portfolio of €7.2 billion GBV. 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 HAPS securitisation investment by Intrum AB, following Phoenix and Vega, and we are very pleased to have advised them on all three deals.

The Zepos & Yannopoulos team was led by Christina Papanikolopoulou, head of Finance & Capital Markets and included partner Elena Papachristou, senior associate Paris Tzoumas and associates Vivian Efthymiou, Athina Palli and Myrto Tsoumalakou.