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Banco Comercial Portugues taps banks to lead 10.5-year euro offering
By Wendy Van Sickle
Columbus, Ohio, Sept. 19 – Banco Comercial Portugues SA mandated Credit Suisse, Goldman Sachs International, JPMorgan and Millennium BCP as joint lead managers for a potential issuance of 10.5-year euro-denominated fixed-rate subordinated notes issue, according to a news release.
The notes would have a call option after 5.5 years.
The notes are planned as tier 2 capital, and the offering may be launched in the near future subject to market conditions, the company said.
The bank is based in Porto, Portugal.
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