Brief: Millennium Bcp Fixes Terms For New Issue Of Tier 2 Notes

Banco Comercial Portugues SA

14/03/2025 06:20

March 14 (Reuters) - Banco Comercial Portugues BCP.LS:

SAID ON THURSDAY IT HAD FIXED THE TERMS FOR A NEW ISSUE OF SUBORDINATED TIER 2 NOTES UNDER ITS EURO NOTE PROGRAMME

THE ISSUE OF 500 MILLION EUROS WILL HAVE A TENOR OF 12 YEARS, WITH THE OPTION OF EARLY REDEMPTION BY THE BANK IN THE LAST THREE MONTHS OF YEAR 7

THE ISSUE WILL HAVE AN ANNUAL INTEREST RATE OF 4.75% DURING THE FIRST 7 YEARS

THE INTEREST RATE FOR THE LAST 5 YEARS WILL BE DETERMINED ON THE BASIS OF THE THEN APPLICABLE 5-YEAR MID-SWAP RATE PLUS THE SPREAD

 Source text: https://tinyurl.com/yc6ra7ms
 Further company coverage: BCP.LS

 (Gdansk Newsroom)

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