CGD confirms international roadshow to raise €500 m

  • Home >
  • CGD confirms international roadshow to raise €500 m

CGD confirms international roadshow to raise €500 m

Published on 3rd July 2018

Portuguese state bank Caixa Geral de Depósitos (CGD) says it plans to hold a professional investors’ roadshow starting next week to raise €500 million euros to finalise the bank’s recapitalisation plan. 

The news was reported by Bloomberg, which said that CGD had mandated BNP Paribas, Bank of America Merrill Lynch, CaixaBI, Credit Agricole, Credit Suisse and Unicredit to hold meetings with investors starting on Monday in Lisbon, London and Paris.

A spokesperson from the bank said the issue would be exclusively focused on professional investors (not retail clients), is subordinated debt (Tier 2) and will have a 10-year maturity, “with a call option from CGD after 5 years.”

According to spokesperson, “with this issuance the final step of CGD’s Recapitalisation Plan is fulfilled.”

Source: TPN/LUSA

Download our
brochure now
Available below

latest news

12
Jun
Portugal best European destination for the 3rd consecutive year

Portugal best European…

Portugal was chosen this weekend as the best European tourist destination for the third year…
12
Jun
Portugal’s Golden Visa on Track to Raise a Record Billion Euros in 2019

Portugal’s Golden…

After a slight drop in the first three months of 2019, the investment volume trend turned…
11
Jun
Festas de Lisboa, Lisbon’s Popular Festivities

Festas de Lisboa, Lisbon’s…

In June, have fun at the popular “Festas de Lisboa”! The main night of Lisbon’s…

Please note that Portugal Homes will use the above details to contact you only. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.

Search for a property

latest properties

Available
Liberdade
€2,200 /pm
  • Bed 2 Bed
  • Property TypeApartment
  • Area100 sqm
  • REF: PW437
€370,000-€390,000
  • Bed 2 Bed
  • Property TypeBuilding
  • REF: PW436
€425,000-€1,050,000
  • Bed 4 Bed
  • Property TypeBuilding
  • REF: PW435
€237,330-€331,830
  • Bed 1 Bed
  • Property TypeApartment
  • REF: PW433
SIGN UP FOR PROPERTY ALERTS