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Search resuls for: "Greece's National Bank"


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Greece's National Bank stake sale oversubscribed -source
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
The logo of National Bank is seen outside a branch in Athens March 23, 2015. REUTERS/Alkis Konstantinidis/File Photo Acquire Licensing RightsATHENS, Nov 16 (Reuters) - Greece on Thursday sold a 22% stake in National Bank (NBG), its second-biggest lender by market value, with the sale oversubscribed by more than eight times, a source close to the process told Reuters. On Monday, HFSF concluded the sale of a 9% stake in Alpha Bank to UniCredit and announced plans to sell a 20% stake in NBG. A book-building process and a public offering for the sale of the NBG stake which started on Nov. 14 concluded on Thursday, with the final offer price set at 5.30 euros a share, the source said. HFSF, which owns 40% in NBG, sold a total of 201,237,334 shares, raising more than 1 billion euros, according to Reuters calculations.
Persons: Alkis, HFSF, Lefteris Papadimas, Toby Chopra Organizations: National Bank, REUTERS, Rights, Reuters, P Global, Alpha Bank, Fidelity, Norges, Lazard, RWC, Allianz, Thomson Locations: Athens, Greece, UniCredit, NBG, Blackrock
"Demand covered 6.2 times the shares offered," the source involved in the process said on condition of anonymity. On Monday, HFSF concluded the sale of a 9% stake in Alpha Bank to UniCredit and announced plans to sell a 20% stake in NBG. The value of the 20% stake is estimated at about 1 billion euros ($1.09 billion). HFSF currently holds a 40.4% stake in NBG and a 27% holding in Piraeus Bank, (BOPr.AT), Greece's third-largest lender. A source told Reuters on Monday that out of the 20% stake in NBG, 17% would be offered to funds and 3% to retail investors.
Persons: Alkis, HFSF, Greece's, JP Morgan, Goldman Sachs, Morgan Stanley, Lefteris Papadimas, Louise Heavens, Sharon Singleton Organizations: National Bank, REUTERS, Rights, Greece's National Bank, Reuters, P Global, Alpha Bank, Piraeus Bank, UBS, Thomson Locations: Athens, Greece, UniCredit, NBG
Greece's National Bank issues 200 mln sterling notes
  + stars: | 2022-11-25 | by ( ) www.reuters.com   time to read: 1 min
[1/2] The logo of National Bank is seen outside a branch in Athens March 23, 2015. REUTERS/Alkis KonstantinidisATHENS, Nov 25 (Reuters) - National Bank (NBG) (NBGr.AT), Greece's second-largest lender by market value, on Friday issued 200 million pounds ($241.6 million) of notes which will mature in 4-1/2 years. It is the first sterling-denominated offer from a Greece-based issuer since 2009, with 70% of the senior preferred notes taken up by foreign investors, National Bank said in a statement. The final cost for the issue came at 6.97%. ($1 = 0.8278 pounds)Reporting by Angeliki Koutantou; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
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