National Bank of Greece is moving ahead with plans for a share offering to bolster its capital, two senior bankers familiar with the issue told Reuters on Monday.Greece's biggest lender, which must plug a 2.18 billion euro ($3.03 billion) capital shortfall under the terms of the country's international bailout, has picked Goldman Sachs and Morgan Stanley as global coordinators for the equity offering, the bankers said."A management board meeting has been called for tomorrow to discuss the plan, which will likely raise up to 2.5 billion euros," one of the bankers said.The offering is unlikely to include pre-emption rights for existing shareholders, the banker added.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 2.67% or $-0.78/share to $28.47. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 14085900 shares of MS exchange hands on a given day and today's volume is recorded at 21453616.
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