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National Bank Of Greece raises €450m
2010-07-26 15:43:31
Business Financial Newswire - National Bank Of Greece has raised €450m through the sale of a lower tier II 10-year note.
NBG said the issue proved highly popular and the sale process was completed within just four days.
The note will be issued on 3 August by the bank's UK-based subsidiary NBG Finance Plc, under NBG guarantee, and will be listed for trading on the Luxembourg Stock Exchange.
The note will have a 10-year term, with NBG having the right to early redemption after five years and at each subsequent interest payment date.
The annual interest rate for the first five years is set at 7%.
If the right to early redemption is not exercised, the annual interest rate for the second five-year period increases to 9.5%.
.........................................
altra cosa rubata
2010-07-26 15:43:31
Business Financial Newswire - National Bank Of Greece has raised €450m through the sale of a lower tier II 10-year note.
NBG said the issue proved highly popular and the sale process was completed within just four days.
The note will be issued on 3 August by the bank's UK-based subsidiary NBG Finance Plc, under NBG guarantee, and will be listed for trading on the Luxembourg Stock Exchange.
The note will have a 10-year term, with NBG having the right to early redemption after five years and at each subsequent interest payment date.
The annual interest rate for the first five years is set at 7%.
If the right to early redemption is not exercised, the annual interest rate for the second five-year period increases to 9.5%.
.........................................
altra cosa rubata