Lisbon, May 23 (Lusa) – Portuguese bank BCP said on Tuesday it was going to issue €1 billion in five-year mortgage bond, saying that this operation meant it was clearly back on the market after a seven-year dry-spell.
The bank told the Portuguese Stock Exchange Commission (CMVM) that the yield on the bonds would be 0.75% a year.
An official source at the bank told Lusa that compared with other bonds that are to mature shortly at higher yields, the new issue would save about €37 million a year.
IM/ADB // ADB.
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