Banco BPM Kicks Off Cash Tender Offer for EUR500 Million Social Senior Notes

06:12 AM EDT, 09/07/2026 (MT Newswires) -- Banco BPM (BAMI.MI) launched a cash tender offer for any and all of its 500 million-euro fixed-rate social senior preferred notes, according to a Monday release. The offer covers notes due Nov. 29, 2027, issued under the Italian bank's euro medium-term note program worth 25 billion euros, and will close on Sept. 14, 2026. In addition, Banco BPM plans to issue new euro-denominated benchmark-size senior non-preferred notes, subject to market conditions. The new notes will be traded on the Luxembourg Stock Exchange's regulated market.