(Finance) – BPER Bank successfully concluded the placement of the second “green” Senior Preferred bond issuein line with the Group’s GSS Bond Framework (Green, Social and Sustainability Bond Framework), intended for institutional investors. The amount placed was equal to 500 million euroswith expiry 7 years and possibility of early repayment (call) after 6 years.
They have been collected orders exceeding 2.4 billion euros. The well-diversified demand has allowed us to reduce the level of spread initial, equal to 155 bps above the 6-year mid-swap, up to 125 bps. Consequently, the annual coupon was determined to be equal at 4.00%with an issue/re-offer price of 99.791%.
There geographical distribution sees the presence of iforeign investors – including France with 22%, the United Kingdom with 14%, the Nordic countries with 12%, Germany, Austria and Switzerland together with 11%, – and Italians with 29%. The final allocation was mainly intended for investment funds (50%)banks and private banking (22%).
Citi, Deutsche Bank, JP Morgan, NatWest Markets, Santander, UniCredit acted as Joint Bookrunners for the placement.