AIB has informed me that EBS Limited has contracted to sell to Vesta Mortgage Investment Limited, (an affiliate of Lone Star), approximately €660m nominal of loan assets as part of its continuing strategy to meet its non-core deleveraging targets. The portfolio is primarily comprised of non-core Irish commercial real estate loans originated by EBS Limited.
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The loan terms and conditions of Borrowers whose loans form part of the sale remain unchanged and are not impacted by the sale of their loans. The Purchaser is not a regulated entity. It should be noted that this portfolio principally comprises commercial real estate loans which are not subject to the same level of regulation that applies to home loans.