Banco Comercial Português, S.A. informs about potential issue of subordinated notes
November 09, 2021 at 05:13 am EST
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9 November 2021
Banco Comercial Português, S.A. informs about potential issue of subordinated notes
Banco Comercial Português, S.A. informs that has mandated o Credit Suisse, a Goldman Sachs Bank Europe SE, o JP Morgan and Millennium BCP to act as Joint Lead Managers in the context of a potential Euro-denominatedfixed-rate subordinated notes issue, with a maturity of 10 years and 6 months and a call option once 5 years and 6 months have elapsed, to be issued off the Bank's Euro Note Programme. It is intended that the notes fulfil the regulatory requirements to be qualified as Tier 2. The transaction may be launched in the near future subject to market conditions.
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Banco Comercial Português, S.A.
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Banco Comercial Português SA published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 10:12:03 UTC.
Banco Comercial Português, S.A. is one of Portugal's leading banking groups. Net interest income breaks down by activity as follows:
- retail banking (79.3%): including Portugal and Poland, Greece, Romania, Angola and Mozambique operations;
- corporate and investment banking (7.3%);
- private banking (1.2%);
- other (12.2%).
At the end of 2023, the group managed EUR 77.9 billion in current deposits and EUR 55.2 billion in current credits.
Products and services are marketed through a network of 1,206 banking offices worldwide.
Net interest income breaks down geographically as follows: Portugal (51.9%), Poland (40.9%) and Mozambique (7.2%).