AI assistant
Banco BPM SpA — Capital/Financing Update 2019
Jun 14, 2019
4282_rns_2019-06-14_1e13af88-6213-44f1-9595-db383f44cf06.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 1928-65-2019 |
Data/Ora Ricezione 14 Giugno 2019 19:19:35 |
MTA | |
|---|---|---|---|
| Societa' | : | Banco BPM S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 119737 | |
| Nome utilizzatore | : | BANCOBPMN08 - Marconi | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 14 Giugno 2019 19:19:35 | |
| Data/Ora Inizio Diffusione presunta |
: | 14 Giugno 2019 19:19:36 | |
| Oggetto | : | NR_Banco BPM SUCCESSFULLY PLACED A SENIOR PREFERRED |
LAUNCHED THE THIRD ISSUE OF 2019 FOR INSTITUTIONAL INVESTOR ONLY UNSECURED ISSUE OF EURO 500 MILLI |
| Testo del comunicato |
Vedi allegato.
NEWS RELEASE
BANCO BPM:
SUCCESSFULLY LAUNCHED THE THIRD ISSUE OF 2019 FOR INSTITUTIONAL INVESTOR ONLY
PLACED A SENIOR PREFERRED UNSECURED ISSUE OF EURO 500 MILLION
Milano, 14th June 2019 – Banco BPM communicates to have launched successfully a new senior preferred unsecured transaction.
Following the issuance of €750 million senior preferred in March and the issuance of €300 million Additional Tier 1 in April, Banco BPM S.p.A. has been back on the primary market today launching a senior preferred bond with a 5-year maturity, for a size of €500 million.
The bond pays a fixed rate coupon of 2.50% and has an issue price of 99.384%, consistent with a spread of 2.80% over the 5-year swap rate.
The transaction has encountered a good demand, from Italy as well as abroad, with approx. 90 institutional investors involved. The geographical distribution is the following: 64% originated in Italy, 14% in the UK & Ireland, 6% in Norway, 5% in France, 5% in Switzerland, Others 6%; the transaction has been placed mainly to fund managers (60%), followed by banks (33%).
The bond, reserved to institutional investors, is issued under the Banco BPM S.p.A. EMTN Programme. Listing will be on the Luxembourg Exchange, with the following expected ratings for the bond: Ba2 (Moody's), BBB Low (DBRS).
Banca Akros, Citi, Mediobanca, Morgan Stanley, Santander and UBS have managed the placement acting as joint bookrunners.
For additional information:
Investor Relations Roberto Peronaglio +39 02.94.77.2108 [email protected]
Communication Matteo Cidda +39 02.77.00.7438 [email protected] Media Relations Monica Provini +39 02.77.00.3515 [email protected]