(Finance) – Borgosesiaa company listed on Euronext Milan and active in the sector of investments in non-performing and alternative assets in general, has started a new securitization program (the Basket Loans Program) focused on the purchase of non-performing loans and the subscription of bonds and debt securities generally issued in the context of special situations.
L’collection target is up to a maximum of 100 millionto be achieved through the establishment, over time and based on the investment opportunities identified from time to time, of several segments.
As part of the program – which involves a minority investment by the group and mainly represented by junior securities, i.e. less guaranteed but which, at the same time, benefit from all the proceeds that may remain once the senior ones have been repaid – BGS REC will act as portfolio manager while Borgosesia Real Estate as real estate advisor.