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Markets

Financial markets, PSI-20 performance, and investment news in Portugal.

Rothschild Mandate Lands at CTT a Week Before Guy Pacheco Takes Over — Strategic-Options Review for the €270M Postal Bank Tested Against a Cooling Iberian M&A Tape

Rothschild Mandate Lands at CTT a Week Before Guy Pacheco Takes Over — Strategic-Options Review for the €270M Postal Bank Tested Against a Cooling Iberian M&A Tape

CTT contracted Rothschild on 24 April to study options for Banco CTT — including a possible sale. Bankinter ruled itself out on 23 April. The bank, valued at €270M end-2023, just raised €60M at 4.25%. CEO João Bento exits at month-end.

Mota-Engil Prices New €50 Million Retail Bond at 4.6% — Subscription Window 6-19 May, With a Swap for the 2026 Paper

Mota-Engil Prices New €50 Million Retail Bond at 4.6% — Subscription Window 6-19 May, With a Swap for the 2026 Paper

Mota-Engil's next five-year retail bond pays 4.6% gross — 10bp thinner than its last issue. Subscription runs 6-19 May with €2,500 minimum ticket. Holders of the 2021 bonds maturing December can swap paper for the new series plus a €0.19-per-bond premium.