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Banco BPM SpA — Capital/Financing Update 2023
Jun 20, 2023
4282_rns_2023-06-20_6231de62-e15e-4d22-9453-386a880a047c.pdf
Capital/Financing Update
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| 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 [email protected] Communication Matteo Cidda +39 02.77.00.7438 [email protected] Media Relations Marco Grassi +39 045.867.5048 [email protected]
[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.