Eurobank preps €2bn non-performing mortgage sale ahead of likely Greek GACS

Eurobank has securitized a €2bn portfolio of non-performing mortgages, ahead of the likely development of a Greek version of the Italian guarantee scheme for senior tranches of NPL deals.

  • By Owen Sanderson
  • 30 May 2019
The bank has structured the deal, Pillar Finance, retaining a €1.044bn senior tranche, which DBRS has rated BB (low). It now has binding offers for the equity in the portfolio, which was being marketed by Alantra, the Spanish boutique which took over KPMG’s portfolio advisory unit last ...

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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%