BCP presses ahead with €400M early bond refund

The Portuguese bank BCP is to undertake an early refund of €400 million, plus interest, in perpetual bonds according to a communiqué sent to the Portuguese stock market commission (CMVM).

“The Banco Comercial Português S.A. informs on the decision on an early refund of the instrument Additional Tier 1 “Fixed Rate Reset Perpetual Temporary Write Down Additional Tier 1 Capital Notes” (ISIN: PTBCPFOM0043) issued on 31 January, 2019”.
The bank led by Miguel Maya also informs that the “early refund of the notes will take place on 31 January, 2024 to the respective amount of capital in debt plus interest earned”. (€400 million)