Securitisation of Bank of Cyprus mortgage loans in Greece

The Bank of Cyprus Group has completed the securitisation of a mortgage loan portfolio in Greece. This is the first securitisation of a bank incorporated outside Greece using Greek assets, and the objective is to enhance further the Group’s liquidity ratios.
The Residential Mortgage Backed Securities, amounting to EUR1 bln, have been issued by Katoikia I Mortgage Finance Plc, a special purpose entity registered in the United Kingdom, and have been listed on the Luxembourg Stock Exchange.
Class A Notes, rated Aaa by Moody’s, amount to EUR886,6 mln. Class B Notes, unrated, amount to EUR113,4 mln.
The securitisation has been arranged by Barclays Capital.