Banco BPM to Redeem EUR263.5 Million Social Senior Preferred Notes Due 2027

11:45 PM EDT, 09/15/2026 (MT Newswires) -- Banco BPM (BAMI.MI) said Tuesday that it will acquire 263.5 million euros of fixed-rate social senior preferred notes due Nov. 29, 2027. The Italian lender will purchase the notes pursuant to its invitation offer to buy back the series, which was issued with a principal amount of 500 million euros. The offer was subject to its Monday issuance of 750 million euros of callable fixed-to-floating senior non-preferred European green bonds due September 2032. The notes earmarked for early redemption represent the notes validly tendered under the offer that expired on Monday. Settlement is expected by Thursday, with holders set to receive 101.402% of the principal amount plus accrued interest.