Banco BPM SpA

Capital/Financing Update • Nov 14, 2022

Informazione Regolamentata n. 1928-91-2022		Data/Ora Ricezione 14 Novembre 2022 19:43:28	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	169474
Nome utilizzatore	: BANCOBPMN09 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	: 14 Novembre 2022 19:43:28
Data/Ora Inizio Diffusione presunta	:	14 Novembre 2022 19:43:29
Oggetto	:	BANCO BPM HAS SUCCESSFULLY LAUNCHED A GREEN SENIOR NON PREFERRED BOND FOR EURO 500 MILLION TO INSTITUTIONAL INVESTORS ONLY
Testo del comunicato

Vedi allegato.

PRESS RELEASE

BANCO BPM HAS SUCCESSFULLY LAUNCHED A GREEN SENIOR NON-PREFERRED BOND FOR EURO 500 MILLION TO INSTITUTIONAL INVESTORS ONLY

ORDERS REACHED €1.2 BILLION

THIRD GREEN BOND OF THE YEAR AND FOURTH ISSUE WITHIN THE GREEN, SOCIAL AND SUSTAINABILITY BONDS FRAMEWORK IN 16 MONTHS.

Milan, 14 November 2022 – Banco BPM S.p.A. has successfully launched a new Green Senior Non-Preferred bond, with a five-year and two months maturity callable in January 2027, with a total principal amount of Euro 500 million.

Orders reached €1.2 billion, showing that investors have recognized Banco BPM's quality despite the high market volatility.

The bond was issued at a price of 99.623%, with a coupon of 6%.

The bond, reserved to institutional investors, was issued under Banco BPM's Euro Medium-Term Note Programme and it has expected ratings of Ba2/BB+/BBBL (Moody's/Fitch/DBRS).

The net proceeds of the Notes will be allocated to finance and/or re-finance Eligible Green Loans, as defined within the Issuer's Green, Social and Sustainability Bonds Framework.

The deal is the fourth issue under Banco BPM's Green, Social and Sustainability Bonds Framework and follows the issue in July 2021 of a Social Bond for €500 million, the first Green Covered Bond which was launched in March 2022 for a total of €750 million and the first Green Senior Non-Preferred Bond in September 2022 for €500 million.

The Framework is fully complementary with Banco BPM's ESG strategy and reflects a tangible commitment to the achievement of environmental and social sustainability goals which guide and characterize the Bank's conduct in its various business areas in an ever increasing way.

Banco BPM has also obtained certification for its Framework from the Institutional Shareholder Services ESG (ISS ESG) as an independent party with expertise on environmental, social and sustainability issues: Second Party Opinion (SPO).

All documents are available on the Bank's website via the link:

https://gruppo.bancobpm.it/en/sustainability/green-social-sustainability-bonds-framework/

The investors who have participated in the deal are mainly Asset Managers (62% of the total) and Banks (13%), while the geographical distribution sees predominantly international investors

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 Monica Provini +39.02.77.00.3515 stampa@bancobpm.it

(of which: United Kingdom and Ireland at 16%, with Germany, Austria and Switzerland together at 16%, Nordics at 10% and France at 6%) as well as Italian investors (45%).

Banca Akros (issuer's related party[1]), Citi, Goldman Sachs International, Mediobanca, Nomura, Santander and UBS Investment Bank acted as Joint Bookrunners.

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 Monica Provini +39.02.77.00.3515 stampa@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.