Greek Lender Retains Credit Card ABS

Greek lender EFG Eurobank Ergasias has launched and retained Karta 2, a EUR900 million ($1.28 billion) securitization of Greek credit card loans.

  • 01 Sep 2011

Greek lender EFG Eurobank Ergasias has launched and retained Karta 2, a EUR900 million ($1.28 billion) securitization of Greek credit card loans.

The unrated, single-tranche trade launched late August, with the 2.1-year bond carrying a coupon of one-month EURIBOR plus 100 basis points.

The deal, which comes after the ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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1 Citi 40,734.72 129 11.55%
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3 Wells Fargo Securities 30,371.96 86 8.61%
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5 Credit Suisse 22,692.50 70 6.44%