Public offering of National Bank placement oversubscribed 12 times; official results Thursday

The public offering of a 10% share in the National Bank of Greece (NBG), launched on Monday morning by the Hellenic Financial Stability Fund (HFSF), has already been 12 times oversubscribed according to sources.

The HFSF on Monday issued an invitation to investors for the public offering of a 10% share in the National Bank of Greece still in its possession. The price of the placement reached 7.55 euros per offer share, an updated HFSF announcement said.

Official statements by the HFSF and National Bank as to the final offer price and the result of the public offering are expected on Thursday.

HFSF remains in possession of an 8.3% share of the National Bank.