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Banco BPM to Redeem EUR350 Million Tier 2 Notes

MT Newswires·12/16/2025 04:19:37
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04:19 AM EST, 12/16/2025 (MT Newswires) -- Banco BPM (BAMI.MI) said Tuesday it decided to redeem its entire outstanding 350 million euros subordinated tier 2 notes due Jan. 14, 2031. The notes will be redeemed at par, with accrued interest, on the issuer call date of Jan. 14, 2026. The Italy-based lender, which has received the required regulatory approval for the redemption, will cancel the notes after redemption.