Banco BPM SpA

Capital/Financing Update • Jun 20, 2023

Informazione Regolamentata n. 1928-66-2023		Data/Ora Inizio Diffusione 20 Giugno 2023 18:56:29	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	178467
Nome utilizzatore	:	BANCOBPMN08 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	20 Giugno 2023 18:56:23
Data/Ora Inizio Diffusione	:	20 Giugno 2023 18:56:29
Oggetto	:	LAUNCHED A NEW COVERED BOND FOR EURO 750 MILLION TO INSTITUTIONAL INVESTORS ONLY	PR_BANCO BPM HAS SUCCESSFULLY
Testo del comunicato

Vedi allegato.

PRESS RELEASE

BANCO BPM HAS SUCCESSFULLY LAUNCHED A NEW COVERED BOND FOR EURO 750 MILLION TO INSTITUTIONAL INVESTORS ONLY

THIS IS THE FIRST EUROPEAN COVERED BOND (PREMIUM) ISSUED BY THE GROUP

ORDERS REACHED €1.3 BILLION

Milan, 20 June 2023 – Banco BPM S.p.A. has successfully launched a new Covered Bond issue, intended for institutional investors for an amount of 750 million euro and a maturity of 5 years under the 10 billion euro Obbligazioni Bancarie Garantite (BPM Covered Bond 2) Program.

The bond is the first European Covered Bond (Premium) issued by Banco BPM in compliance with the new European regulation transposed within the Italian Obbligazioni Bancarie Garantite legal framework on 30 March 2023.

The bond, which will be listed on the Luxembourg Stock Exchange, has an expected rating of Aa3 from Moody's, a fixed rate coupon of 3.75% and a maturity date on 27 June 2028.

Confirming the strong interest for the Group coming from Italian and foreign investor demand, the transaction was over-subscribed, with orders of 1.3 billion euros. Allocations are as follows: Italy (47%), Germany-Austria-Switzerland (20%), Nordics (14%), Benelux (11%) and United Kingdom (6%).

The placement was handled by Banca Akros (issuer's related party[1]), Crédit Agricole CIB, Barclays, IMI-Intesa San Paolo, Landesbank Baden-Wurttemberg, Raiffeisen Bank International AG and UniCredit; NORD/LB and Helaba as Co-Lead Managers.

Contacts:

Investor Relations

Roberto Peronaglio +39 02.94.77.2108 investor.relations@bancobpm.it Communication Matteo Cidda +39 02.77.00.7438 matteo.cidda@bancobpm.it Media Relations Marco Grassi +39 045.867.5048 marco.grassi@bancobpm.it

^[1] The transaction in question is configured as a related party transaction pursuant to Consob Regulation no. 17221 of 12 March 2010 and subsequent amendments (the "Consob RPT Regulation") and the related corporate regulations adopted by the Bank (the "Banco BPM Procedure", available on the website www.bancobpm.it, Corporate Governance section, Company documents) and it qualifies in particular as a "minor amount" transaction, thus benefiting from the exemptions provided for in the Consob RPT Regulation and the Banco BPM procedure.