PRESS RELEASE
EURO 500 MILLION COVERED BOND ISSUE MATURING SEPTEMBER 2023 SUCCESSFULLY COMPLETED
Milan, 18th July 2018 - Banco BPM has successfully placed a covered bond 5-years and two months long ("Obbligazioni Bancarie Garantite") for Euro 500 million to institutional investors as part of its Euro 10 billion OBG Programme (BPM Covered Bond 2).
The covered bond issuance has a yield equal to reference mid-swap rate + 95 basis points, a fixed rate coupon of 1.125% and a maturity date on the 25th September 2023.
Confirming the strong interest for the Group coming from Italian and foreign investors demand, the transaction was over-subscribed, with orders for more than 600 million euros. Allocations are as follows: Italy (43%), Germany-Austria (21%), United Kingdom (14%), Nordics (11%), Iberia (7%) others (4%).
The placement was handled by Banca Akros, Barclays, Landesbank Baden-Wurttemberg, Natixis, Santander, UniCredit, on behalf of Banco BPM.
For information:
Investor Relations | Communication | Media Relations |
Roberto Peronaglio | Matteo Cidda | +39 02.77.00.3784 |
+39 02.77.00.2057 | +39 02.77.00.7438 | stampa@bancobpm.it |
investor.relations@bancobpm.it | matteo.cidda@bancobpm.it |
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Banco BPM S.p.A. published this content on 18 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 July 2018 17:36:01 UTC