National Bank of Greece (NBG) is selling a portfolio of project finance loans worth about $478 million, Reuters reports. The bank has appointed JP Morgan, UBS and Credit Suisse to sell the loans in the European secondary loan market. The NBG portfolio includes 10 project finance loans denominated in euros, sterling and dollars across a mix of loans and tranches, including term loans A, B and C, revolving credits and capital expenditure facilities. A $113 million loan to an Indiana toll road concession company, ITR, and $54 million of Kuwait’s Equate Petrochemical are also included in the portfolio.
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