The Bank of Portugal (BCP) is set to enter the market to issue €500 million in senior preferred bonds with a five-year maturity. The indicative interest rate for this operation is approximately 3.52%, as reported by Bloomberg. This issuance is aimed solely at institutional investors and includes an option for early redemption after four years.
The bonds will be available for purchase by institutional investors only, reflecting BCP’s strategy to attract significant capital from larger entities. The maturity date for these bonds is set for October 21, 2029, providing a long-term investment opportunity for buyers.
The indicative interest rate of 3.52% is variable, which may appeal to investors looking for flexibility in their returns. This rate is competitive in the current market, where interest rates have been fluctuating due to various economic factors.
