Banco BPM SpA — Capital/Financing Update 2026

Feb 9, 2026

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Data/Ora Ricezione : 9 Febbraio 2026 17:55:43

Oggetto : PR_BANCO BPM HAS SUCCESSFULLY

LAUNCHED A EUR 500 MILLION SOCIAL

SENIOR PREFERRED BOND TO INSTITUTIONAL INVESTORS ONLY

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PRESS RELEASE

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

Milan, 09TH February 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 exceeded Euro 2.7 billion at peak, allowing Banco BPM to achieve its lowest-ever credit spread for a Senior bond.

The bond was issued at a price of 99.461%, with a fixed coupon of 3.000%.

The bond, reserved to institutional investors, was issued under Banco BPM's Euro Medium-Term Note Programme and it has expected ratings of Baa1/BBB/BBB+/BBBH (Moody's/S&P/Fitch/DBRS).

This represents the first Social Bond issued in 2026 under Banco BPM's Green, Social and Sustainability Bonds Framework, bringing the Bank's total ESG issuance to Eur 8 billion. The proceeds will be allocated to the financing/refinancing of Eligible Social Loans, as defined in the Bank's Framework published on 7 November 2023. In particular, the funds will be used to finance and refinance loans granted to Italian SMEs located in economically disadvantaged areas.

The Framework forms an integral part of Banco BPM's ESG strategy, translating into concrete actions the environmental and social sustainability objectives that guide the development of the Bank's various business areas.

The investors which participated in the deal are mainly Asset Managers (67.7%), Official institutions (15.0%) and Banks (11.5%), while the geographical distribution sees predominantly international investors (of which France at 29.5%, UK and Ireland at 21.6%) as well as Italian investors (29.6%). Approximately 65% of the allocated orders came from investors with strong ESG commitment.

Banca Akros (issuer's related party[1]) BBVA, Crédit Agricole CIB (issuer's related party[2]), Deutsche Bank, Mediobanca, Nomura and Banco Santander acted as Joint Bookrunners.

For information:

Media Relations e-mail: stampa@bancobpm.it

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

^[1] and [2] 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.

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