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Demand for a 10% stake sale in the National Bank of Greece (NBG) by the country's bank bailout fund was oversubscribed by six times on Monday, in the first day of a book-building process which ends later this week, two sources told Reuters.

The issue of GEK Terna's new seven-year bond this week was a profound success, with the Athens-listed group raising 120 million euros at a rate of 3.95 percent.

The covered bond issue by the National Bank of Greece was completed on Tuesday, becoming the first Greek lender to tap the market since 2014 and securing the amount of 750 million euros at a rate of just 2.9 percent, far below the original estimate for 3.25 percent.

By Yiannis Papadoyiannis

The international investment community’s interest in National Bank’s share capital increase was exceptionally high on Tuesday, resulting in the oversubscription for the shares of 2.5 billion euros in total from the first day of book building, according to sources.