Brief: CTT Launches Credit Securitization Operation For 200 Mln Euros Of Auto Loans

CTT - Correios de Portugal SA

17/05/2022 09:32

May 17 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * THROUGH ITS UNIT 321 CRÉDITO WILL ANNOUNCE TODAY A CREDIT
SECURITIZATION OPERATION, NAMED ULISSES FINANCE NO. 3, FOR AN
OVERALL AMOUNT OF 200 MILLION EUROS OF AUTO LOANS
    * OPERATION AIMS AT FUNDING THE GROWTH OF BANCO CTT’S
ACTIVITY
WHILE OPTIMIZING ITS CAPITAL BASE AND DIVERSIFYING ITS LIQUIDITY
SOURCES
    * IN THE OPERATION, INVESTORS WILL BE OFFERED ALL CLASSES OF
BONDS
BACKED BY LOANS ORIGINATED BY 321C UNDER THE SCOPE OF AUTO LOANS
CONTRACTS GRANTED FOR THE PURPOSE OF ACQUIRING USED VEHICLES
    * PROCESS LAUNCHED ON MAY 17 IS EXPECTED TO CLOSE AT, OR
AROUND
JUNE 1

Source text: https://bit.ly/3a6qZYy
Further company coverage:  CTT.LS 

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