BPM Capital will redeem all €161.91 million of 8.393% trust-preferreds

By Tali Rackner

Norfolk, Va., March 12 – BPM Capital I LLC/BPM Capital Trust I plans to redeem all of its outstanding 8.393% noncumulative perpetual trust preferred securities guaranteed by Banca Popolare di Milano, according to a notice.

The securities will be redeemed on April 2 at par for €161,911,200. The record date will be March 18.

The Bank of New York Mellon is the paying agent.

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