PTSB sells €215m tranche of loans in UK

Permanent TSB yesterday announced it had closed the sale of a €215m tranche of loans held by its UK subsidiary CHL.

PTSB sells €215m tranche of loans in UK
Sat, 27 Sep, 2014 - 01:00
Peter O’Dwyer

The sale of the loans, known as Project Liverpool, is part of the bank’s ongoing deleveraging programme of non-core assets.

While the price of the deal has not been disclosed, a PTSB spokesperson confirmed that the price achieved was 40% above the offers submitted for the portfolio in 2012 when it was previously offered for sale.

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CourtsPlace: UKPlace: IrelandOrganisation: PTSBOrganisation: TSBOrganisation: CHLOrganisation: Project LiverpoolOrganisation: InvestecOrganisation: Morgan Stanley
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