Banco BPM SpA

Capital/Financing Update • Jan 14, 2025

Informazione Regolamentata n. 1928-4-2025	Data/Ora Inizio Diffusione 14 Gennaio 2025 18:22:21		Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	200363
Utenza - Referente	:	BANCOBPMN10 - Marconi Andrea
Tipologia	:	3.1
Data/Ora Ricezione	:	14 Gennaio 2025 18:22:21
Data/Ora Inizio Diffusione	:	14 Gennaio 2025 18:22:21
Oggetto	:	BANCO BPM HAS SUCCESSFULLY LAUNCHED A SOCIAL SENIOR PREFERRED BOND FOR EURO 500 MILLION TO INSTITUTIONAL INVESTORS ONLY

Testo del comunicato

Banco BPM S.p.A. has successfully launched a new Social Senior Preferred bond, with a fiveyear maturity and a total principal amount of Euro 500 million.

PRESS RELEASE

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

FIRST 2025 ITALIAN SOCIAL BONDWITHIN THE GREEN, SOCIAL AND SUSTAINABILITY BONDS FRAMEWORK

Milan, 14TH January 2025 – Banco BPM S.p.A. has successfully launched a new Social Senior Preferred bond, with a five-year maturity and a total principal amount of Euro 500 million.

Orders reached €2,4 billion at peak, with the participation of over 150 investors, allowing the lowest credit spread bond ever issued by Banco BPM. Approximately half of the allocated orders has come from investors with strong ESG commitment.

The bond was issued at a price of 99.607%, with a fixed coupon of 3.375%.

The bond, reserved to institutional investors, was issued under Banco BPM's Euro Medium-Term Note Programme and it has expected ratings of Baa2/BBB/BBB/BBB (Moody's/S&P/Fitch/DBRS).

This is the first Italian Social Bond issued in 2025, carried out under the Green, Social and Sustainability Bonds Framework, which has increased the total amount of Banco BPM ESG bond to €6,25 billion. The net proceeds shall be allocated to re-finance Eligible Social Loans, as defined in the Bank's Framework published on 7th November 2023. In particular, the proceeds shall be used to refinance loans granted to Italian SMEs located in economically disadvantaged areas.

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.

The investors who have participated in the deal are mainly Asset Managers (49% of the total), Official institutions (20%) and Banks (19%), while the geographical distribution sees predominantly international investors (of which: France at 37%, Benelux at 13%, UK and Ireland at 8%) as well as Italian investors (35%).

Banca Akros (issuer's related party[1]), BNP Paribas, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs, J.P. Morgan and Banco Santander acted as Joint Bookrunners. Crédit Agricole CIB has also operated in its role of Green and Social Structuring Advisor of the transaction.

^[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 "non relevant amount" - in consideration of the controlling interest held by Banco BPM SpA in Banca Akros S.p.A. - thus benefiting from the exemptions provided for in the Consob OPC Regulation and the Banco BPM procedure, having been noted that there are no significant interests of other related parties.

For information:

Media Relations e-mail: stampa@bancobpm.it Investor Relations e-mail: investor.relations@bancobpm.it