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HomeHERCULES

HERCULES

Eurostat gives thumbs up to Hercules securitizations
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Eurostat gives thumbs up to Hercules securitizations

9 March 2023 Editors

Eurostat is believed to have decided against including the Hercules state guarantees, amounting to some 20 billion euros, into Greece’s…

OECD: The contribution of “Hercules” and its possible extension
Featured

OECD: The contribution of “Hercules” and its possible extension

11 January 2023 Editors

The significant contribution of “Hercules” to the efforts of banks to rid themselves of the legacy of the crisis has…

GACS and “Hercules”: The data Eurostat is looking at
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GACS and “Hercules”: The data Eurostat is looking at

3 January 2023 Editors

Ahead of a decision from Eurostat regarding the way GACS and “Hercules” guarantees will be recorded on public debt, NPL…

Βinding bids for Solar bonds set for Nov. 21
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Βinding bids for Solar bonds set for Nov. 21

7 November 2022 Editors

November 21 has been set as the date for the submission of binding offers for the purchase of mezzanine notes…

Eurostat decision on Hercules plan days away
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Eurostat decision on Hercules plan days away

1 November 2022 Editors

Eurostat’s decision in coming days on whether the state guarantees offered by the Greek government on the “Hercules” program, amounting…

Request submitted for 6-month extension to targets in Cairo project plan
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Request submitted for 6-month extension to targets in Cairo project plan

5 August 2022 Editors

The SPVs of the Cairo securitization have submitted a request for a six-month extension with the State Guarantees Monitoring Committee (Hercules)…

Finale for “Hercules” with securitizations of 4.5 billion euros
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Finale for “Hercules” with securitizations of 4.5 billion euros

5 July 2022 Editors

With three new NPL securitizations amounting to 4.5 billion the Hercules plan is expected to wind up by October, providing…

Request from National Bank to include Frontier II in Hercules
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Request from National Bank to include Frontier II in Hercules

30 June 2022 Phil Karametos

The first application was submitted yesterday to the Ministry of Finance by National Bank (NBG) for inclusion in the Hercules…

New securitizations of 6.4 bln euros by October with Hercules plan
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New securitizations of 6.4 bln euros by October with Hercules plan

14 June 2022 Editors

Greek banks are expected to use the Hercules mechanism by October, implementing new NPL securitizations amounting to 3.4 billion euros,…

DBRS: Hercules plan should be extended
Featured

DBRS: Hercules plan should be extended

9 June 2022 Phil Karametos

DBRS Morningstar is in favor of extending the Hercules program beyond October 2022, when it is scheduled to end. As…

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