Τ BANK Α.Τ.Ε.
Press Release
Launch of the 2nd Residential Mortgage Backed Securitization transaction of ASPIS BANK in cooperation with ROYAL BANK OF SCOTLAND.
Aspis Bank S.A. closed its second RMBS transaction on February, 13 2009. ROYAL BANK OF SCOTLAND acted as arranger.
According to the terms of the issue, ASPIS BANK transferred a portfolio of residential mortgages of euro 424 million to the special purpose vehicle Byzantium II Finance plc, which issued bonds of euro 410.25 million. 89% of the transferred portfolio i.e. euro 377 million was rated by Fitch with AAA. The Standby Servicer of the residential mortgage portfolio is EFG Eurobank Ergasias S.A.
Aspis Bank S.A. closed its second RMBS transaction on February, 13 2009. ROYAL BANK OF SCOTLAND acted as arranger.
According to the terms of the issue, ASPIS BANK transferred a portfolio of residential mortgages of euro 424 million to the special purpose vehicle Byzantium II Finance plc, which issued bonds of euro 410.25 million. 89% of the transferred portfolio i.e. euro 377 million was rated by Fitch with AAA. The Standby Servicer of the residential mortgage portfolio is EFG Eurobank Ergasias S.A.