Brief: Millennium BCP To Issue Senior Preferred Debt Securities In Amount Of 500 Mln Euros

Banco Comercial Portugues SA

17/06/2025 06:31

June 17 (Reuters) - Banco Comercial Portugues SA BCP.LS:

SAID ON MONDAY IT HAS SET TERMS FOR A NEW ISSUE OF SENIOR PREFERRED DEBT SECURITIES ELIGIBLE FOR MREL, UNDER ITS EURO NOTE PROGRAMME

ISSUE, IN AMOUNT OF 500 MILLION EUROS, WILL HAVE A TENOR OF 6 YEARS, WITH OPTION OF EARLY REDEMPTION BY BANK AT END OF YEAR 5, AN ISSUE PRICE OF 99.631% AND AN ANNUAL INTEREST RATE OF 3.125% DURING THE FIRST 5 YEARS

INTEREST RATE FOR 6TH YEAR WAS SET AT 3-MONTH EURIBOR PLUS A 0.95% SPREAD

 Source text: https://tinyurl.com/yc3ejeux
 Further company coverage: BCP.LS

 (Gdansk Newsroom)

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