Novo Banco defies investors to try for capital

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Novo Banco defies investors to try for capital

Jasper Cox
June 29, 2018 12:00 PM
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Porto, 03/27/2018 - This morning, on Avenida dos Aliados, in front of the Banco de Portugal and Novo Banco facilities, another protest of migrant clients injured by Banco EspĂ­rito Santo (BES). (Pedro Granadeiro / Global Images/Sipa USA) | Global Media Group/SIPA USA/PA Images

Novo Banco looked set to be able to place a tier two bond after announcing exchange offers from senior bondholders on Friday. But the Portuguese lender is beleaguered by investor protests as it seeks to complete a crucial stage on its path to becoming a normal bank. Jasper Cox reports.

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RegulationBank CapitalSenior DebtPortugalFIG People and MarketsEuropeEMEAFIGPeople and Markets
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