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 Barclays 12,042.98 14 11.09%
2 JPMorgan 10,337.24 14 9.52%
3 Citi 9,260.37 15 8.53%
4 NatWest Markets 8,487.83 7 7.82%
5 HSBC 7,587.14 11 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 27,151.43 65 12.45%
2 HSBC 20,140.01 43 9.24%
3 JPMorgan 18,703.30 46 8.58%
4 Deutsche Bank 17,160.97 23 7.87%
5 Bank of America Merrill Lynch 15,557.62 48 7.13%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,798.45 41 8.65%
2 Barclays 19,533.57 31 7.75%
3 UniCredit 16,899.52 41 6.71%
4 HSBC 16,634.15 52 6.60%
5 BNP Paribas 16,072.48 29 6.38%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 48,779.09 221 7.56%
2 Citi 48,211.77 162 7.47%
3 HSBC 42,435.46 146 6.58%
4 Barclays 38,142.80 115 5.91%
5 Deutsche Bank 34,770.24 92 5.39%