National Bank of Greece (ADR) (NYSE:NBG) was trading higher after Reuters reported Greece’s largest lender, National Bank (NBG), will launch the bookbuilding process for its 2.5 billion euro ($3.5 billion) equity offering on May 6 and announce the pricing of the new shares on May 9. The bank has picked Goldman Sachs and Morgan Stanley as global coordinators for the share issue, which will be offered to foreign institutional investors.
The report says there will be no public offering in Greece, the pricing of the shares will be announced on May 9 before the scheduled shareholders meeting on May 10.
Source: Emerging Markets 5 May, 2014
