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BlackRock, Pimco and others boycott BCP bond

Page created: Wednesday, 29 November 2017 10:28 GMT

Thematic
Tags:
BCP   Blackrock   Boycott Tier 2 bonds  Novo Banco  PIMCO

LONDON, Nov 28 (IFR) – Two of the world’s biggest fixed income investors, BlackRock and Pimco, have decided to boycott an issue of Tier 2 bonds by Banco Comercial Portugues, which is due to price tomorrow, as a protest against the Portuguese authorities’ treatment of Novo Banco bondholders.