Market strength drives BCP €400m AT1 refi flat to fair value
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Market strength drives BCP €400m AT1 refi flat to fair value

Atanas Dinov
January 11, 2024 07:23 PM
Statue in front of the BCP Millenium bank headquarters in Porto, Portugal

◆ Portuguese lender lands deeply subordinated capital deal far tighter than when it first intended to call old note in November ◆ 'Super strong' market for FIG capital serves a tailwind ◆ 50bp tightening from IPTs

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Atanas Dinov
Bank Finance Editor
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