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Published on 6/28/2019 in the Prospect News Liability Management Daily.

Banco BPM to redeem €500 million floating-rate covered bonds July 8

By Sarah Lizee

Olympia, Wash., June 28 – Banco BPM SpA said it will redeem in full its €500 million of outstanding floating-rate covered bonds due Jan. 18, 2023.

The bonds will be redeemed on July 8.

BPM said it had previously redeemed €500 million of the bonds in October 2015.

The bonds were originally issued under the bank’s €10 billion covered bond program, which is guaranteed by BMP Covered Bond Srl.

The bank is based in Milan.


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