Concorde Factoring, a part of the Concorde Capital group of companies, has won an auction for a portfolio of distressed debt worth UAH 6.5 bln24 January 2019
The debt consisted of a pool of assets of bankrupt banks that had been pledged as collateral to the National Bank of Ukraine, which it owned jointly with the State Deposit Guarantee Fund.
The electronic trade occurred on Jan. 16, 2019. U.S. trading platform DebtX served as the professional consultant in the sale, having been hired in 2017 by the National Bank and the Deposit Guarantee Fund.
“For us, the victory in the auction of the distressed debt portfolio worth UAH 6.5 bln became an important even in the new – and as I view it – productive year,” said Concorde Capital CEO Igor Mazepa. “We have long and actively worked on the distressed debt market. We conduct the debt restructuring in a professional way, understanding that each separate case requires unique and sometimes complicated solutions.”