NBG completes, looks to Finansbank
National Bank of Greece completed its Eu1.8bn rights issue on Tuesday, reporting a big oversubscription after investors reacted positively to the plan to bullet-proof the bank’s balance sheet.
The deal, led by joint bookrunners Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and Hellenic Postbank, comprised a one for five rights offer and a concurrent three for eight offer of mandatory convertibles with a seven day maturity. That structure allowed NBG to side-step the time-consuming process
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