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Published on 11/13/2023 in the Prospect News Liability Management Daily.

Banco Comercial Portugues eyes whether to redeem issue of AT1 capital

Chicago, Nov. 13 – Banco Comercial Portugues SA is deciding whether to redeem €400 million of outstanding additional tier 1 capital (ISIN: PTBCPFOM0043), according to a press release.

The bank has permission from the ECB to reduce its own funds through the redemption, but the decision whether to exercise the redemption right is still under evaluation.

The bank is based in Porto, Portugal.


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