Island Financing was the owner of the 1.67 billion euros portfolio of Npl sold in recent days. Here is who bought it. Archaeology of a securitisation

The 1.67 billion euro gross portfolio of NPLs securitised in a secondary market transaction last week conducted with the support of the new servicer Credito Fondiario (see other article by BeBeez), consists of loans, which, according to BeBeez, were sold by the SPV Island Refinancing srl, which in turn had securitised them in December 2007, after acquiring them from the two SPVs. . .