Project Sandokan 2: Yanez SPV issued a first tranche of notes.
The Sandokan programme continues with the issuance of a first tranche of Notes of the 'Sandokan 2' Project. The Investors that bought the notes are
Sandokan 2 underlying portfolio includes secured loans originated by
The expanded Sandokan programme will help increase the future value of loans through proactive asset management, innovative solutions, and new funding, when and where needed.
Sandokan 2 follows the successful launch and strong performance of the Sandokan project (involving circa
The management and the special servicing activities of the Sandokan 2 portfolio are transferred to AREC, an Asset Manager with an unique and proven track record in managing real estate NPEs (mostly UTPs). AREC is owned by Finance Roma, GWM and PIMCO Bravo fund III.
Banca Finint acts as Master Servicer, Corporate Servicer, Calculation Agent and Representative of Noteholders of the Italian aw n. 130/99. In addition, Banca Finint acts as
The transaction will not result in the accounting derecognition of the underlying portfolio from
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