Brief: CTT's Banco CTT Prices Senior Debt Issuance Of 45 Mln Euros
10/11/2025 06:31
Nov 10 (Reuters) - CTT CTT.LS: SAID ON FRIDAY THAT BANCO CTT HAD SUCCESSFULLY PRICED A SENIOR PREFERRED DEBT ISSUANCE IN THE AMOUNT OF 45 MILLION EUROS THE ISSUANCE HAS A MATURITY OF THREE YEARS, INCLUDES AN OPTION FOR EARLY REDEMPTION AT THE END OF THE SECOND YEAR, AND WAS PRICED AT 99.824% THE NOTES BEAR AN ANNUAL COUPON OF 3.75% UNTIL THE CALL DATE AND WILL THEREAFTER ACCRUE INTEREST ON A QUARTERLY BASIS AT A RATE EQUAL TO THREE-MONTH EURIBOR PLUS A MARGIN OF 170 BASIS POINTS SETTLEMENT IS EXPECTED TO OCCUR ON NOVEMBER 17 THE ISSUE WAS FULLY PLACED WITH MORE THAN 20 INSTITUTIONAL INVESTORS, ACHIEVING AN ORDER BOOK DOUBLE THE AMOUNT OFFERED INTERNATIONAL INVESTORS ACCOUNTED FOR OVER 40% OF DEMAND, WHILE ALLOCATIONS WERE DISTRIBUTED AS FOLLOWS: 51% TO ASSET MANAGERS, 31% TO INSURANCE COMPANIES AND 18% TO BANKS Source text: https://tinyurl.com/a5a8f2ah Further company coverage: CTT.LS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))