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The bids exceeded €8 billion | TheGreekDeal.com
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The bids exceeded €8 billion
The National Bank's issuance, covering 20% + 2% of the group's shares held by the HFSF (out of a total ownership of 40.39%), was oversubscribed more than eight times
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Pavlos Mylonas, CEO, National Bank of Greece

The National Bank's issuance, covering 20% + 2% of the group's shares held by the HFSF (out of a total ownership of 40.39%), was oversubscribed more than eight times, with the placement attracting offers exceeding 7 billion euros. According to reliable information, subscriptions to the Greek book of the issuance exceeded 460 million euros.

Demand has been impressive from the first day of the placement, prompting the Fund's management to exercise the right to increase the size of the offering. As a result, the total number of offered shares increased from 182,943,031 to 201,237,334 (20%+2%).

Regarding the offering price of HFSF's shares, it is estimated to be between 5.30 – 5.40 euros, although it may close at 5.44 euros.

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