National Bank of Greece ADR (fka NBGGY)

[netwire]

I don't think that's the matter of current NBG situation now.

The article link below said Greece's NBG seeks to buy back covered bonds. "The deadline for the offer is Jan. 13. NBG is giving bondholders the chance to sell their bonds for cash," an official close to the procedures told Reuters on condition of anonymity."

The official said NBG was offering holders of covered bonds 70 percent of nominal value in cash, while in the market they are trading at about 60 percent. It is offering 45 percent of par for hybrid bonds that are trading at about 30 percent.

After Jan 13, NBG pps got shot up dramatically.
IMO, hopefully it just a start. The Current PPS is only around 74cents if we consider it before R/S.

http://www.reuters.com/article/2012/01/03/nbg-bonds-tender-idUSL6E8C30LO20120103