Capital increase for the National Bank of Greece was successfully completed
13.06.2013
21:12
The National Bank of Greece raises private funds of at least 1.1 billion euros, so that its capital increase be made without the issuance of convertible bonds (CoCos).
The National Bank of Greece raises private funds of at least 1.1 billion euros, so that its capital increase be made without the issuance of convertible bonds (CoCos).
According to information from newmoney.gr, the bank approaches the target for coverage of 12% capital increase by private capital.
The administration weighs the amount of funds the bank will raise to obtain the best possible result. That is, to not issue CoCos as they bare a high cost and risk of dilution for other shareholders, but also for the warrants to maintain their value and expectation for the shareholders of the bank.
According to information from newmoney.gr, the bank approaches the target for coverage of 12% capital increase by private capital.
The administration weighs the amount of funds the bank will raise to obtain the best possible result. That is, to not issue CoCos as they bare a high cost and risk of dilution for other shareholders, but also for the warrants to maintain their value and expectation for the shareholders of the bank.
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