Global law firm White & Case LLP has advised Banco BPM S.p.A. on the issuance of its €750 million 4.625% senior non-preferred dematerialized green notes due 2030 and callable in January 2029.
This is the second issuance under Banco BPM’s Green, Social and Sustainability Bonds Framework and the first green issuance under it. Including this issuance, there have been eight environmental, social and governance issuances by Banco BPM so far, totaling €5 billion.
The notes have been issued under Banco BPM’s Euro Medium Term Note Programme, listed on the Luxembourg Stock Exchange, and offered and sold pursuant to Regulation S of the US Securities Act. The net proceeds of the notes will be allocated to finance or refinance eligible green loans, as defined in the Framework.
The White & Case team that advised on the transaction included partners Michael Immordino (London & Milan) and Ferigo Foscari, local partner Pietro Magnaghi and associate Andrea Lamonica (all Milan).
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