Banco Comercial Portugues

Capital/Financing Update • Jan 11, 2024

11 January 2024

Banco Comercial Português, S.A. informs on the issuance of perpetual subordinated notes (Additional Tier 1)

Banco Comercial Português, S.A. ("Millennium bcp") informs that today it has set the conditions for a new issue of Additional Tier 1, in the amount of 400 million euros, with the option of early repayment by Millennium bcp from the end of 5th year onwards with a coupon of 8.125% per year for the first 5.5 years, which will be refixed from that date every 5 years, with reference to the then prevailing 5-year mid-swap rate plus a spread of 5.78%.

The operation, which generated strong market interest, followed a series of meetings held yesterday involving more than 60 investors. Demand, in the final terms of the issue, reached an amount exceeding 3 billion euros (more than 7 times the amount issued), with orders from more than 250 institutional investors.

End of announcement Banco Comercial Português, S.A.

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