Morgan Stanley landmark €1billion Frontier II securitisation

Papapolitis & Papapolitis advised Morgan Stanley in its capacity as Arranger in the context of the Frontier II transaction, completed in February 2024, involving the securitization by the National Bank of Greece of a portfolio of non-performing exposures with a total gross book value of c.€1billion baked by the State guarantee pursuant to the Hellenic Asset Protection Scheme (“Hercules III”).