NBG bond ordersbook open

The ordersbook for the coverage of the National bank bond of 750 million euros is open.

The estimated rate is expected to be between 4.25% and 4.50%, while the coverage ratio is expected to exceed it thrice, which is more than 2.2 billion euros.

The project has been undertaken by Merrill Lynch, Citi, Goldman Sachs and HSBC.

By the 6th of May the book building of capital increase is also expected to be completed.

The bond market "catches fire"

Since the Hellenic Bond moves towards "100", or its performance in the secondary market declines to 4.75%, due to the buying interest, the estimates that the debenture loan of National Bank achieving a rate of 4.5% are more reasonable, providing a 5 year period.

At the same time, messages from the presentations barrage made at this time by the bank verify that the climate for the country has drastically changed, and that it will obviously benefit the NBG as well as other business groups such as the PPC, which has also launched the raising of funds with a significantly lower rate compared to previous versions.