Within a few minutes, the book for National Bank opened by the HFSF for the allocation of 20+2% was covered.  

Earlier:

It took only a few minutes for the book to be fully covered for the placement of the 20+2% of the Special Consumption Tax (SCT) on the National Bank. Bids exceeded 1 billion euros

Earlier:

The book building process for the National Bank begins at 10 a.m., encompassing both the domestic and international public offerings. This unfolds amid strong optimism for a 'comfortable coverage' of the offered percentage.

In contacts with foreign investors, there is significant practical interest in acquiring shares from long-term investors such as Capital Group, Fidelity, and others, while the placement of a cornerstone investor is not favored. According to information, decisions have been made to prioritize existing shareholders in the distribution.

Sources familiar with the processes report, however, that JP Morgan, appointed as the placement advisor by the Athens Stock Exchange for the National Bank, estimates that the domestic market cannot absorb a percentage higher than 3% at the current time. This percentage is primarily directed towards retail investors who wish to acquire or expand their position in the National Bank.

It is reminded that the shares will be offered at a price range of €5 to €5.44, with the upper end of the range equivalent to last Friday's closing and the lower end (€5) at an 8% discount compared to Friday's closing.