The National Bank of Greece announced that it has successfully completed the placement of a reduced-security bond in the market amounting to 500 million euros with a return of 5.875%. The bond has a duration of 11.25 years with a callable period of 6.25 years.

National Bank (NBG) plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece’s recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis.

National Bank of Greece on Thursday announced the sale of another portfolio of unsecured NPLs, this time to CarVal, valued at 1.2 billion euros.