(Alliance News) - Borgosesia Spa has announced that it has launched a new securitization program with a funding target of up to EUR100 million.

The goal is to be achieved through the establishment, over time and depending on the investment opportunities identified from time to time, of several sub-funds.

Under the program-which envisages a minority investment by the group and mainly represented by junior securities, i.e., less secured but which, at the same time, benefit from any 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.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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