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Banco BPM SpA
Capital/Financing Update • Jun 22, 2021
4282_rns_2021-06-22_e0ba532f-01ad-4368-93b0-a23e1a11880f.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 1928-46-2021 |
Data/Ora Ricezione 22 Giugno 2021 19:32:22 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCO BPM | |
| Identificativo Informazione Regolamentata |
: | 149041 | |
| Nome utilizzatore | : | BANCOBPMN10 - Marconi | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 22 Giugno 2021 19:32:22 | |
| Data/Ora Inizio Diffusione presunta |
: | 22 Giugno 2021 19:32:23 | |
| Oggetto | : | BANCO BPM HAS SUCCESSFULLY LAUNCHED A TIER 2 BOND FOR EURO 300 MILLION TO INSTITUTIONAL INVESTORS ONLY |
|
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
BANCO BPM HAS SUCCESSFULLY LAUNCHED A TIER 2 BOND FOR EURO 300 MILLION TO INSTITUTIONAL INVESTORS ONLY
THE ISSUE WAS UNDERWRITTEN PREDOMINANTLY BY INTERNATIONAL INVESTORS
Milan, 22 June 2021 – Banco BPM S.p.A. has successfully launched a new Subordinated Tier 2 transaction, with a ten-year maturity (June 2031), callable five years before maturity, with a total principal amount of Euro 300 million.
The bond was issued at a price of 99.775, with a coupon of 2.875% for the first 5 years; if not called after 5 years, the coupon for the subsequent period until maturity will be reset on the basis of the 5-year swap rate, increased by a spread equal to 317 bps.
The bond, reserved to institutional investors, was issued under Banco BPM's Euro Medium-Term Note Programme and, considering its subordinated status, it has expected ratings of B1/BB (Moody's/DBRS).
The investors who have participated in the deal are mainly Asset Managers (69% of the total) and Banks (7%), while the geographical distribution sees predominantly international investors (of which: United Kingdom at 27%, France at 15% and Germany, Austria and Switzerland together at 8%) as well as Italian investors (40%).
The transaction contributes to the further strengthening of the Bank's already robust capital position.
Banka Akros, IMI – Intesa Sanpaolo, J.P. Morgan, Morgan Stanley, Nomura, Santander acted as Joint Bookrunners.
Contacts:
Investor Relations Roberto Peronaglio +39 02.94.77.2108 [email protected] Communication Matteo Cidda +39 02.77.00.7438 [email protected] Media Relations [email protected]