(Alliance News) - Banco BPM Spa announced on Thursday that it has decided to exercise its right of early redemption on its 'EUR300 million Callable Subordinated Tier 2 Notes due 29 June 2031', which were issued in June 2021 and placed with institutional investors.

The notes will be redeemed at par on 29 June 2026, and bondholders will receive accrued interest up to that date.

The bank specified that it has obtained authorization from the competent authority to recall the security in accordance with current banking regulations. Following the redemption, the bonds will be cancelled and delisted from the Luxembourg Stock Exchange.

By Claudia Cavaliere, Alliance News reporter

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