A public offering by Hellenic Financial Stability Fund of 22% of the National Bank of Greece’s equity capital was 8.04 times oversubscribed and the offer price was set at 5.30 euros per share, HFSF said on Friday after completion of a book-building process to international and domestic investors, ANA reports.
National Economy and Finance Minister Kostis Hatzidakis, commenting on the completion of the public offering noted: “The successful completion of the offering of 22% of National Bank’s share capital to international and Greek investors, which was oversubscribed, is a very positive development for National Bank and the banking system of the country. It follows other recent positive developments in the sector, the successive upgrade of the country’s credit rating in the last few months. The transaction was the most successful in the EU during the last three years in terms of demand and the minimizing of the discount on the offer price. It is a source of optimism for our banking system and the Greek economy”.
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