LONDON May 8 National Bank of Greece
will price its 2.5 billion euros ($3.48 billion) share placement
at between 2.20 and 2.30 euros a share, two sources familiar
with the transaction told Reuters.
The range for the over-subscribed issue was initially set at
2.00 to 2.60 euros, Reuters reported yesterday. The money is
being raised to bolster NBG's capital after stress tests earlier
this year found the bank needed an extra 2.18 billion euros.
Shares in the bank, which is 84 percent owned by Greece's
bank rescue fund, were done 4.41 percent to 2.60 euros at 1129
GMT. Books on the capital raise will close later on Thursday.
($1 = 0.7183 euros)
(Reporting by Freya Berry in London and George Georgiopoulos in
Athens; Editing by Matt Scuffham)