UniCredit poised to duck under NPL target with €6bn securitization

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UniCredit poised to duck under NPL target with €6bn securitization

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DW975J UniCredit Tower, headquarters of the Italian bank UniCredit, Milan, Lombardy, Italy | Alamy Stock Photo

UniCredit is structuring a €6bn Italian non-performing loan (NPL) securitization called Prisma, which is set to qualify for Italy’s state-sponsored guarantee scheme and will send the bank below its €10bn NPL target.

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