National Bank of Greece latest in Greek bank capital-raising flurry

Greek bank
By Andrew Griffin
17 Apr 2014

The National Bank of Greece will be the latest Greek bank to raise equity when it approves a €2.5bn capital raising next month.

Goldman Sachs and Morgan Stanley will be global co-ordinators and bookrunners.

The Bank of Greece estimated in March that NBG needed €2.2bn of capital. It will seek to raise €2.5bn to address that need and strengthen its capital flexibility, including keeping the option to repay preference shares owned by ...

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