REG - Banco Comercial Port - AMENDMENTS OF TERMS

Banco Comercial Portugues SAAnnouncement

21/04/2020 08:45

RNS Number : 3227K
  
Banco Comercial Portugues, S.A.
  
21 April 2020
  
 

 
COMPANY ANNOUNCEMENT
 
For Immediate Release
 
 
BANCO COMERCIAL PORTUGUÊS, S.A.
(the "Issuer")
 
A publicly traded company ("sociedade aberta"), with registered office at Praça D. João I, 28, Porto and a share capital of 4,725,000,000.00 Euros, registered at the Commercial Registry Office of Porto, with number 501.525.882
 
€2,000,000,000 Floating Rate Covered Bonds due October 2020
(ISIN: PTBCQLOE0036)
(the "Covered Bonds")
issued by the Issuer
under its Euro 12,500,000,000 Covered Bonds Programme
(the "Programme")
 
AMENDMENTS OF TERMS
April 21, 2020
We make reference to the Covered Bonds. All terms and expressions used but not defined herein shall have the meanings attributed to them in the terms and conditions of the Covered Bonds as set out in the Base Prospectus dated June 29, 2012, the terms and conditions thereof having been incorporated into the Base Prospectus dated May 15, 2019, and the Final Terms dated August 21, 2012, as amended and restated on July 13, 2015, relating to the Covered Bonds.
The Issuer wishes to announce that the holder of the Covered Bonds resolved on this date to approve:
1.  The increase of the Aggregate Nominal Amount of the above identified issue from €2,000,000,000 to €4,000,000,000, by means of an increase of the Specified Denomination of each Covered Bond from €100,000 to €200,000;
2.  The amendment of the Maturity Date from October 23, 2020 to October 23, 2023;
3.  The amendment of the Extended Maturity Date from October 23, 2021 to October 23, 2024;
4.  The amendment of the Margin to Maturity Date from +0.5 per cent per annum to +0.75 per cent per annum; and
5.  The amendment of the Margin from Maturity Date up to Extended Maturity Date from +0.5 per cent per annum to +0.75 per cent per annum,
together, the "Amendments", which shall apply from the Interest Period beginning on the Interest Payment Date falling on April 23, 2020 (inclusive) onwards.
The Issuer gives notice to Euronext Dublin that the Final Terms dated August 21, 2012 as amended and restated on July 13, 2015, relating to the Covered Bonds shall be deemed to incorporate the Amendments.
 
For further information please contact:
Banco Comercial Português, S.A.
Taguspark - Avenida Prof Dr. Cavaco Silva, Edifício 2, Piso 2A
2740 - 256 Porto Salvo
Portugal
 
 This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 
 


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