TIDMBCP 
 
 
   Banco Comercial Português, S.A. informs about issue of subordinated 
notes 
 
   Banco Comercial Português, S.A. ("Millennium bcp") hereby informs 
that it has fixed the terms for a new issue of medium term subordinated 
notes expected to qualify as Tier 2 own funds, under its Euro Note 
Programme. 
 
   The issue, in the amount of EUR450 million, will have a tenor of 10.5 
years, with the option of early redemption by the Bank at the end of 5.5 
year, and an annual interest rate of 3.871 per cent. during the first 
5.5 years (corresponding to a spread of 4.231 per cent over the 5.5 year 
mid-swap rate, which, for the determination of the interest rate for the 
remaining 5 years, will be applied over the mid swaps rate in force at 
the beginning of that period). 
 
   The transaction was placed with a very diversified group of European 
institutional investors. 
 
   The swiftness of the execution of the transaction reflects the 
confidence of the market in Millennium bcp, in the success of its 
strategic plan and its capacity to access this important segment of the 
capital markets. 
 
   The issue is part of the Millennium bcp's strategy of optimizing its 
capital structure and of reinforcing its presence in the international 
capital markets. 
 
   End of announcement 
 
   Banco Comercial Português, S.A. 
 
   Attachment 
 
 
   -- 2019 09 20 T2 EN 
      https://ml-eu.globenewswire.com/Resource/Download/d973676f-6b75-48d8-ac29-f5829c4ea4cf 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

September 20, 2019 17:31 ET (21:31 GMT)