Eurobank agrees to sell sour mortgage loan notes to Pimco unit

Reuters

Published Jun 27, 2019 02:18AM ET

Eurobank agrees to sell sour mortgage loan notes to Pimco unit

ATHENS, (Reuters) - Eurobank said on Thursday it agreed to sell 95% of mezzanine and junior notes of 2.0 billion euro securitised pool of non-performing mortgage loans to Celidoria, an entity owned by funds managed by U.S. fund group PIMCO.