|
|
|
|
|
|
|
|
| Preference Shares |
| |
| BES Group issued preference shares through BES Finance, Ltd., a wholly owned subsidiaries of the Bank, incorporated in the Cayman Islands. The issue is fully guaranteed by BES, through its London Branch. |
| |
| |
|
Issuer
|
BES Finance, Ltd. |
|
Issue Date
|
1st issue: July 2003 (€450mn)
2nd issue: March 2004 (€150mn)
|
|
Initial Amount
|
€ 600 million |
|
Total Outstanding Nomial Value
|
€ 215,621 million |
|
No. of Shares
|
215,621 |
|
Nominal Value
|
€ 1,000 / share
|
|
Listing
|
Luxembourg Stock Exchange |
|
Dividends
|
5.58% p.a. before the first call date;
Euribor 3 month + 2.65% p.a. after the first call date
|
|
Dividends
Payment Dates
|
July 2 of each year, commencing on July 2, 2004, before the first call date.
January 2, April 2, July 2, October 2 in each year, commencing on October 2,
2014 after the first call date.
|
|
Redemption
|
Wholly or in part on the first call date (July 2, 2014) and on any preferred
dividend payment date falling thereafter, subject to prior consent of the Bank
and the Bank of Portugal
|
|
|
|
|