BCP’s LM reopening pays off with exchange limit increase
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BCP’s LM reopening pays off with exchange limit increase

Banco Comercial Português’s reopening of a liability management exercise has paid off, after the bank got regulatory blessing to increase the amount of hybrid tier one instruments exchanged. The Bank of Portugal agreed on Tuesday to allow BCP to exchange €850m of hybrid tier ones, up from the €500m limit initially imposed.

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