Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.
UK Asset Resolution (UKAR), the government-mandated 'bad bank', has sold assets of former UK bank Bradford & Bingley (B&B) to Blackstone and Prudential for £11.8 billion.
Sales of loan portfolios by deleveraging banks reached a record €104 billion across 30 European countries last year, according to a new report published by KPMG.
A groundbreaking fourth quarter meant the market for European real estate loan sales and real estate owned (REO) deals reached a new record of €85.9 billion in 2015, according to a report from Cushman & Wakefield.
The parliamentary committee charged with scrutinising the activities of the UK Treasury has raised concerns over the sale of a £13bn residential mortgage portfolio to Cerberus Capital Management in November.

Copyright PEI Media

Not for publication, email or dissemination