Facilitating Access To Italian Nonperforming Loans

Law360, New York (April 27, 2015, 2:05 PM EDT) -- As of last year, Italian nonperforming loans are estimated to be in excess of €333 billion, which is roughly 24 percent of gross domestic product and 16.8 percent of the total bank loans outstanding in Italy. With such a high volume of NPLs coupled with last year's regulatory changes, the savvy fixed-income investor will find investment opportunities in Italy more attractive than in previous years. The timing is critical as traditional European credit investors search further afield for yield, while investment opportunities that combine the right risk profile with attractive pricing are becoming increasingly scarce....

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