BCP to issue first covered bond in eight years

Bill Thornhill

May 10, 2017 02:45 pm

BCP_branch_AP_230x150 — A cleaner cleans a dirty window in an office of the BCP Portuguese bank in Lisbon Friday, Oct. 7, 2011. Ratings agency Moody's has downgraded nine Portuguese banks, blaming their exposure to government debt and a weak economic growth outlook. Moody's downgraded Portugal to Ba2, with outlook negative in July. Battling to emerge from recession, the country got a euro78 billion ($103.5 billion) bailout this year.(AP Photo/ Francisco Seco) | Francisco Seco/ASSOCIATED PRESS

After Banco Santander Totta broke the two year Portuguese covered bond hiatus with a well performing seven year in April, Banco Comercial Portugues has mandated leads for its first covered bond since 2009.

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Topics

Portugal Europe EMEA FIG Covered Bonds

BT

Bill Thornhill