Banco Comercial Portugues

Capital/Financing Update • Jun 16, 2025

16 June 2025

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

Banco Comercial Português, S.A. ("Bank") hereby informs that it has set the terms for a new issue of senior preferred debt securities eligible for MREL (Minimum Requirement for own funds and Eligible Liabilities), 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 99.631% and an annual interest rate of 3.125% during the first 5 years (corresponding to a spread of 0.95% over the 5-year mid-swap rate). The interest rate for the year 6 was set at 3-month Euribor plus a 0.95% spread.

The issue was placed among a very diversified base of institutional investors, namely in investment funds, banks and pension funds.

End of announcement Banco Comercial Português, S.A.

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