Greece 'under pressure' in secondary after ‘difficult week’

Greece’s return to capital markets last week drew nothing but praise on the day, but its subsequent performance in the secondary market has left something to be desired, said bankers.

  • By Lewis McLellan
  • 12 Feb 2018

The €3bn seven year bond was launched on February 8 with a yield of 3.5% — offering a new issue concession of 7bp-8bp. The orderbook contained over €6bn of orders. But the yield “flirted” with 4% on Monday, said an SSA syndicate official away from the deal.

Although the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 7,394.14 11 11.95%
2 JPMorgan 7,267.09 8 11.75%
3 Barclays 5,917.57 6 9.56%
4 NatWest Markets 5,400.28 4 8.73%
5 HSBC 3,886.37 5 6.28%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,200.88 23 13.91%
2 HSBC 11,373.58 16 11.14%
3 JPMorgan 11,057.79 18 10.83%
4 Goldman Sachs 8,869.90 16 8.69%
5 Deutsche Bank 8,634.69 12 8.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 11,752.52 14 9.65%
2 JPMorgan 11,003.56 18 9.04%
3 Citi 10,105.71 27 8.30%
4 NatWest Markets 8,769.53 7 7.20%
5 Goldman Sachs 8,330.41 10 6.84%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 28,231.16 72 9.55%
2 JPMorgan 26,979.42 88 9.13%
3 HSBC 19,913.06 51 6.74%
4 Barclays 17,765.06 33 6.01%
5 Goldman Sachs 17,261.21 27 5.84%