Securitisation of Bank of Cyprus leasing receivables in Greece

Bank of Cyprus Group announced the completion of the securitisation of EUR689.4 mln of performing leasing receivables in Greece. The Notes have been issued by Misthosis Funding Plc, a special purpose vehicle registered under the laws of England and Wales, and will be listed on the Irish Stock Exchange. The transaction has been arranged by UBS Investment Bank.
This is the second securitisation transaction of Greek assets by a bank incorporated outside Greece (following a residential mortgage backed security issue by Bank of Cyprus) and aims at enhancing further the Group’s liquidity ratios.