# Commission Decision of 24 July 2013 on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos (notified under document C(2013) 4801) (Only the English text is authentic) (Text with EEA relevance) (2014/767/EU), Division 5.1: CGD undertakes to repay the EUR 900 million CoCos in the following tranches:

Extent: E+W+S+N.I.

5.1.1. For the fiscal year 2014: [50-60] % of the excess capital above the applicable minimum capital requirement under European and Portuguese law (including pillar 1 and 2) plus a capital buffer of [100-150] bps.
5.1.2. For the fiscal years 2015 and following: [90-100] % of the excess capital above the applicable minimum capital requirement under European and Portuguese law (including pillar 1 and 2) plus a capital buffer of [100-150] bps.

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Source: https://www.legislation.gov.uk/eudn/2014/767/annex/division/5/division/5.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2014-767/annex/division-5/division-5.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.