Banco BPI purchases 30% of investors’ Douro offers

portuguese houses
By Tom Porter
15 Apr 2014

Banco BPI had a good response from investors to its tender offer for 10 bonds from its Douro RMBS platform, with the Portuguese bank deciding to buy back 30% of the bonds tendered at prices close to or just above minimum prices.

Banco BPI tendered for 10 bonds from Douro 1, 2 and 3, all of which had been targeted before, at the beginning of April.

Just over €1.8bn of the original €4.5bn of bonds were left outstanding when the tender was launched, and bondholders had tendered around €358m ...

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