Douro tender offers surprise

Douro tender offers surprise

Category: RMBS

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Banco BPI has surprised the market by launching a fixed price tender offer for ten bonds, accounting for €2.17bn of outstanding nominal value, across three Portuguese RMBS transactions - Douro Mortgages 1, 2 and 3. The offers form part of the firm's efforts to manage its balance sheet and capital structure, and aim to provide liquidity to successful participants.

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