The claims, which BAMC had taken over mostly from bankrupt companies, are loans, guarantees and transactions.

Some of them are secured with third-party guarantee or real estate, BAMC says on its web site.

The bad bank is collecting binding bids that are valid at least until 28 February 2019.

Bidders, who will sign a non-disclosure agreement and pay EUR 10,000 in security, will be able to conduct due diligence of the documents.

Bids will not be opened publicly and BAMC also reserves the right to accept bids that arrive after 5 November.

It moreover reserves the right to request bidders to improve or supplement their bids, and continue individual negotiations with all or just certain bidders.