BCP completes 1.5 bln usd extendible floating-rate US bond issue |
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Thu, 19 Apr 2007 13:39
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LISBON (Thomson Financial) - Banco Comercial Portugues said it has completed a 1.5 bln usd five-year extendible floating-rate bond issue, its first in the US market.In a statement, BCP said its bond, which matures in May 2012, was issued through BCP Finance Bank Ltd on April 12. The lead managers are JP Morgan and Morgan Stanley.BCP said the issue was heavily oversubscribed and rated A+ by Fitch Ratings, AA3 by Moody's Investors Service and A by Standard & Poor's.'The access to this market has a special importance, not only because of its size, in terms of the number of investors and available liquidity, but also because it allows access to a specific investor profile in the US market, contributing to a growing diversification of our investor base,' BCP said.luis.morais@thomson.comlm/jg/anCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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