Greek banks to lose ECB support after bailout exit

The European Central Bank will drop its waiver for Greek bonds to be used as collateral, following the sovereign’s exit from its third bailout programme on August 20.

  • By Burhan Khadbai
  • 10 Aug 2018

Greece does not have an investment grade credit rating, which is required in order for bonds to be eligible as collateral with the ECB, but the country was eligible for a waiver from this requirement as a result of being in an EU/IMF adjustment programme.

Greece will automatically lose ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,183.34 29 6.90%
2 UniCredit 5,615.53 47 6.27%
3 LBBW 5,057.05 29 5.64%
4 Natixis 4,679.32 21 5.22%
5 Credit Agricole CIB 4,419.88 22 4.93%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,301.60 104 7.28%
2 JPMorgan 22,117.83 91 6.91%
3 Bank of America Merrill Lynch 20,331.32 77 6.35%
4 Morgan Stanley 18,204.10 93 5.68%
5 Goldman Sachs 16,419.38 140 5.13%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,781.97 66 11.42%
2 Citi 18,681.44 83 11.36%
3 JPMorgan 18,085.32 74 11.00%
4 Morgan Stanley 15,524.36 71 9.44%
5 Goldman Sachs 14,011.74 123 8.52%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.77%
2 HSBC 3,694.64 13 7.28%
3 Credit Agricole CIB 3,475.55 14 6.85%
4 LBBW 3,352.93 13 6.61%
5 Deutsche Bank 2,965.19 11 5.84%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 UBS 2,883.39 8 17.73%
2 Credit Agricole CIB 1,879.91 6 11.56%
3 HSBC 1,217.42 8 7.49%
4 Deutsche Bank 1,011.90 7 6.22%
5 Credit Suisse 868.23 6 5.34%