News: Banco Espirito Santo SA (BES.LS)
Thu, Nov 21 2013
LONDON, Nov 21 (IFR) - Banco Espirito Santo is set to become the first Portuguese bank to raise subordinated debt capital in four years later on Thursday, marking an important step in the country's recovery from a bailout.
LONDON, Nov 21 (IFR) - Banco Espirito Santo is set to issue a EUR750m 10-year non-call five Tier 2 bond later on Thursday, bankers managing the deal said, the first subordinated debt issue from a Portuguese bank in four years.
LONDON, Nov 21 (IFR) - Banco Espirito Santo has set initial price thoughts on its new 10-year non-call five Tier 2 euro-denominated bond at low to mid 7%, bankers managing the deal said on Thursday.
LONDON, Nov 18 (IFR) - Banco Espirito Santo is set to become the latest bank to take advantage of investors' hunt for yield and appetite for weak European credits, after it arranged investor meetings ahead of a likely Tier 2 capital deal later this week.
* Net interest income down 15 pct to 767 mln, but improves in Q3
LISBON, Oct 25 - Banco Espirito Santo, Portugal's second-largest listed bank by assets, swung to larger-than-expected net loss of 381 million euros in the first nine months of 2013 from a year-ago profit as provisions for bad loans rose sharply.
* BES looking at Generali's Swiss unit BSI (Adds bad loans peak expected, corporate loans up, BES looking at BSI)
LISBON - Portugal's political crisis must be resolved swiftly so a strong government and the country's credibility can be restored, allowing its banks to raise financing in bond markets, the head of the Portuguese Banking Association (APB) said on Tuesday.