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28 May 2012

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GI, Principal in E214m Dutch residential NPLs JV

US-based real estate private equity firm GI Partners is partnering with the Dutch

Principal Company to acquire E214m face value of first-lien, non-conforming residential mortgages with underlying collateral assets in the Netherlands. The deal was accompanied by issuance by a SPV of E103.8m mortgage-backed securities rated Aaa by Moody's

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