BCP enjoys victorious covered bond return

Bill Thornhill

May 25, 2017 05:30 pm

BCP_branch_AP_230x150 — A cleaner cleans a dirty window in an office of the BCP Portuguese bank in Lisbon Friday, Oct. 7, 2011. Ratings agency Moody's has downgraded nine Portuguese banks, blaming their exposure to government debt and a weak economic growth outlook. Moody's downgraded Portugal to Ba2, with outlook negative in July. Battling to emerge from recession, the country got a euro78 billion ($103.5 billion) bailout this year.(AP Photo/ Francisco Seco) | Francisco Seco/ASSOCIATED PRESS

The triumphant return of Banco Comercial Português to the covered bond market this week after an eight year absence marks a turning point, not just for the bank but the Obrigações Hipotecárias market as a whole.

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Topics

Portugal Natixis Europe UniCredit EMEA FIG Société Générale Covered Bonds NatWest Markets

BT

Bill Thornhill