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NBG opens order books for Tier 2 issue; IPTs at 8.375%
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National Bank has reportedly opened order books for the new issue of 10.25-year Tier 2 bond which will be callable at 5.25 years. Initial price thoughts are set at 8.375%. NBG aims at drawing up to 500 million euros.
The lender has hired Barclays, Citi, Goldman Sachs, Morgan Stanley, Nomura and Societe Generale to manage the issue.
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