Novo Banco to redeem €400 million of 8½% subordinated notes

By Mary-Katherine Stinson

Lexington, Ky., June 1 – Novo Banco SA will redeem all outstanding notes of its €400 million 8½% reset callable subordinated notes due 2028 (ISIN: PTNOBFOM0017), according to a notice.

The notes will be called at par plus interest on July 6.

The notes will be delisted from Euronext Dublin effective on or around the redemption date.

Due to the regulations of Interbolsa, the notes redemption will be effected through Central de Valores Mobiliarios.

The bank is based in Lisbon.

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