Banco Comercial Portugues

Capital/Financing Update • Feb 5, 2021

5 February 2021

Banco Comercial Português, S.A. informs about issue of senior preferred debt securities

Banco Comercial Português, S.A. ("Bank") hereby informs that it has fixed the terms for a new issue of senior preferred debt securities, under its Euro Note Programme.

The issue, in the amount of €500 million, will have a tenor of 6 years, with the option of early redemption by the Bank at the end of year 5, an issue price of 99.879% and an annual interest rate of 1.125% during the first 5 years (corresponding to a spread of 1.55% over the 5-year midswap rate). The annual interest rate for the 6th year was set at 3-month Euribor plus a 1.55% spread.

The transaction was placed with a very diversified group of European institutional investors.

Strong demand, the profile of investors and the swiftness of the execution of the transaction reflects market confidence in the Bank, as well as its capacity to access any segment of the capital markets in very favourable conditions.

End of announcement Banco Comercial Português, S.A.