Portugal’s Millennium bcp seeks debt-equity swap to boost solvency

Page created: Monday, 20 April 2015 8:49 GMT

BCP   MIllenium Bank  Millenium BCP

Portugal’s largest listed bank, Millennium bcp, plans to exchange junior debt for new shares worth up to 428 million euros ($462 million) to increase its solvency ratio by 70 basis points, helping to put it in line with European benchmarks.