A public offering by Hellenic Financial Stability Fund of 22% of National Bank of Greece's equity capital was 8.04 times oversubscribed and the offer price was set at 5.30 euros per share, HFSF said on Friday after completion of a book building process to international and domestic investors.
Oversubscription 6.2 times yesterday, first day of the offer. Given the allocation of an additional 2%. Tomorrow the offer expires, Friday the shares are allocated. Big international houses and powerful shipowners - businessmen acquire shares.
Hellenic Financial Stability Fund (HFSF) on Tuesday launched the book-building process to offer 20% of its equity stake in National Bank. HFSF will offer up to 182,943,031 shares of National Bank with the option to offer an additional 1.99% or 18,294,303 shares.
