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Bper Banca — Capital/Financing Update 2020
Jun 10, 2020
4395_rns_2020-06-10_bf588b26-392b-4d8e-9c07-d847a2e5925d.pdf
Capital/Financing Update
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PRESS RELEASE
BPER Banca successfully placed € 500 million 5-year Senior Preferred notes
Modena, 10 June 2020. BPER Banca has successfully completed the placement of a Senior Preferred bond for an amount of € 500 million and a maturity of 5 years intended for institutional investors, off the issuer's € 6 billion EMTN program.
BPER returns to the institutional market of unsecured senior bonds after several years with a placement immediately met with strong demand from investors. The initial pricing thoughts, set at Mid Swap + 250 bps area, were revised down during the day to a final spread of Mid Swap +220 bps, with a re-offer price of 99,570% and a fixed annual coupon of 1,875%. Furthermore, orders from accounts more than doubled the allocated amount of € 500 million, confirming the very positive market response to the transaction and to the quality of the issuer.
The demand came from funds (75%) and banks (24%), with a strong domestic component.
The notes will be listed on the Luxembourg Stock Exchange. The settlement date will be 17 June 2020 and the maturity date will be 7 July 2025.
Barclays, BNP Paribas, Citi, Mediobanca and Santander acted as Joint Bookrunners.
The expected ratings of the notes are Ba3 by Moody and BB by Fitch.
BPER Banca S.p.A.
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| This is a translation into English of the original in Italian. The Italian text shall prevail over the English version. |
Contacts:
Investor Relations External Relations Gilberto Borghi Eugenio Tangerini Tel: (+39) 059/202 2194 Tel: (+39) 059/202 1330 [email protected] [email protected] www.bper.it – https://istituzionale.bper.it/
BPER Banca S.p.A., head office in Modena, via San Carlo, 8/20 - Tax Code and Modena Companies Register no. 01153230360 – Company belonging to the BPER BANCA GROUP, VAT no. 03830780361 – Share capital Euro 1,561,883,844 - ABI Code 5387.6 - Register of Banks no. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups no. 5387.6 - Tel. 059.2021111 - Telefax 059.2022033 - e-mail: [email protected] - Certified email (PEC): [email protected] - bper.it – istituzionale.bper.it