2023-06-07 17:28:09
(Alliance News) – Banco BPM Spa announced on Wednesday that it has completed a new green issue of 750 million euros, with a maturity of five years and the possibility of early redemption in June 2027.
Orders reached 1.3 billion euros. The bond was issued at a price of 99.955 percent and pays a fixed coupon of 6 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 Ba2/BB+/BBBL.
The proceeds of the issue will be used to finance and/or refinance eligible green loans, as defined under the bank’s green, social and sustainability bonds.
Banco BPM closed Wednesday down 0.5% at 3.82 euros per share.
By Claudia Cavaliere, journalist at Alliance News
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