National Bank’s 2.5-billion-euro share offering oversubscribed

According to an unnamed baker, the National Bank of Greece’s offering of 2.5 billion euros of shares has already been oversubscribed…

According to an unnamed baker, the National Bank of Greece’s offering of 2.5 billion euros of shares has already been oversubscribed, a day before the bookbuilding process is scheduled to close.

The unnamed banker reported to Reuters that the offering has been subscribed “more than one time so far”.

The bookbuilding process for the National Bank’s share offering started on Tuesday, with Goldman Sachs and Morgan Stanley acting as coordinators, with the support of BofA Merril Lynch, Citigroup, HSBC, UBS and Mediobanca.

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