Brief: Millennium BCP Fixes Terms For New Issue Of 500 Mln Euro Tier 2 Notes
16/06/2026 06:56
BRIEF-Millennium BCP Fixes Terms For New Issue Of 500 Mln Euro Tier 2 Notes June 16 (Reuters) - Banco Comercial Portugues SA BCP.LS:
SAID ON MONDAY, IT HAS FIXED TERMS FOR NEW ISSUE OF SUBORDINATED TIER 2 NOTES UNDER ITS EURO NOTE PROGRAMME
AMOUNT OF €500 MILLION WILL HAVE TENOR OF 12 YEARS WITH OPTIONAL EARLY REDEMPTION AT END OF YEAR 7
ANNUAL INTEREST RATE OF 4.125% DURING FIRST 7 YEARS
INTEREST RATE FOR LAST 5 YEARS WILL BE ON THEN APPLICABLE 5-YEAR MID-SWAP RATE PLUS 1.330% SPREAD
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