Banco Comercial Português €300 million bond buy back

Overview:

• Banco Comercial Português (BCP) invited holders of various note issuance's to tender their notes for a cash value. 
• The offer was made to holders of the €930 million class A mortgage backed floating rate notes due 2036 of Magellan Mortgages No. 2,  €1.413 class A mortgage backed floating rate notes due 2058 of Magellan Mortgages No. 3, and €500 million 3.375 per cent fixed rate notes due 2017 of Banco Comercial Português.
• JPMorgan Securities and the Treasury Markets and International Divisions of BCP acted as deal managers. 

John Crabb - Journalist