BCP targets tier two buckets in Friday window

By Tyler Davies
20 Sep 2019

Banco Comercial Português found room to launch a new tier two instrument in the euro market on Friday, raising €450m with its second subordinated bond offering of the year.

The Portuguese issuer said that it would be raising €450m of tier two capital after attracting €725m of orders for a 10.5 year non-call 5.5 bond. It had initially told investors to expect a deal size of €400m-€500m.

Bookrunners Credit Suisse, Goldman Sachs, JP Morgan and ...

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