Brief: CTT Says Banco CTT Closes Credit Securitization Operation For 250 Mln Euros Of Auto Loans

CTT - Correios de Portugal SA

10/09/2021 17:51

Sept 10 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * BANCO CTT CLOSES CREDIT SECURITIZATION OPERATION, NAMED
ULISSES
FINANCE NO. 2, FOR 250 MILLION EUROS OF AUTO LOANS, TO BE PLACED
WITH INSTITUTIONAL INVESTORS
    * THIS OPERATION AIMS AT FUNDING GROWTH OF BANCO CTT’S
ACTIVITY
WHILE OPTIMIZING ITS CAPITAL BASE AND DIVERSIFYING ITS LIQUIDITY
SOURCES
    * PROCESS LAUNCHED TODAY IS EXPECTED TO CLOSE AT, OR AROUND,
23
SEPTEMBER 2021

Source text: https://bit.ly/2Xa4XNP
Further company coverage:  CTT.LS 

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