Improved Novo Banco lowers capital cost with rare Portuguese T2
![Lisbon, Portugal - October 19, 2016: Novo Banco Bank located in the Marques de Pombal Square. A bank created after the Espirito Santo Bank scandal.](https://assets.euromoneydigital.com/dims4/default/a4df57a/2147483647/strip/true/crop/4272x2848+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fe0%2Fd9%2F24450c8c4b1db3e97be62af42bd6%2Fha2j1w.jpg)
Investors drawn to recovery story as bank raises capital at under 10%
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