November 13, 2015
Greek Banks Ask Investors to Take Uncertain Leap of Faith
By Nikos Chrysoloras and Christos Ziotis
Bloomberg, November 13, 2015. All Rights Reserved.
The National Bank of Greece SA and Eurobank Ergasias SA joined Piraeus Bank SA and Alpha Bank AE on Thursday in starting book-building processes as they seek to fill part of 14.4 billion-euro ($15.5 billion) hole in their accounts identified by the European Central Bank. The state-owned Hellenic Financial Stability Fund will contribute the rest from loans from Greece’s latest bailout, but not before imposing mandatory losses or "burden sharing” on shareholders and creditors of the banks….