Novo Banco feud won't go away for Portugal

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Novo Banco feud won't go away for Portugal

Novo_Banco_GC_230x150

A long-standing dispute about how the Bank of Portugal handled the senior bonds of Novo Banco in 2015 reared its head again this week, as a group of influential asset managers refused to take part in a subordinated bond issue from Banco Comercial Português (BCP). But the boycott is yet to damage Portuguese financial institutions, with banks gradually restoring their access to the capital markets, writes Tyler Davies.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article