BANCO BPM S.P.A. (Alliance News) - Banco BPM Spa announced that it has successfully completed a new Green Senior Preferred issue with a maturity of four years in the amount of EUR750 million.
The orders, amounting to EUR1.4 billion reached almost double the size of the issue, with good granularity, about 120 investors involved, "confirming the strong interest from investors for the Banco BPM name," the released note said.
About 78 percent of the allocated orders had an ESG connotation.
The bond was issued at a price of 99.613 percent and pays a fixed coupon of 4.875 percent.
The bond, which is reserved for institutional investors, was issued under the issuer's Euro Medium Term Notes Program and has an expected rating of Ba1/BBB-/BBB (Moody's/Fitch/DBRS).
Proceeds from the issuance of the bond will be used to finance and/or refinance Eligible Green Loans, as defined in the bank's Green, Social and Sustainability Bond Framework.
The stock ended Wednesday's session 1.3 percent in the red at EUR3.56 per share.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.
