SC Lowy acquires non-performing loans from Monte dei Paschi
Hong Kong-based fixed income specialist SC Lowy has described the deal to buy the bad loans portfolio of Italy’s Banca Monte del Paschi di Siena as the largest Italian shipping debt transaction
SC Lowy says the portfolio of defaulted shipping debt comprises dry bulk shipping, crude oil carriers, an offshore support vessel and non-performing shipping loans with a total gross book value of $160m
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