Corenno
Nuovo Utente
- Registrato
- 5/9/06
- Messaggi
- 182
- Punti reazioni
- 34
Issuer: Banco BPM S.p.A (BAMIIM)
Issuer Ratings: Ba2 Negative (Moody’s), BBBL Negative (DBRS)
Expected Issue Ratings: B1 (Moody’s), BB (DBRS)
Security Subordinated Tier 2
Offering Format:
RegS, Compliance Category 2; Bearer form, TEFRA D (no communications into the US)
Issue Size: €500m (WNG)
Settlement Date: 14 September 2020 (T+5)
Maturity Date: 14 September 2030
Optional Redemption Date: At par. In whole but not in part, on 14 September 2025 at the Issuer’s discretion, subject to regulatory approval
Coupon/Interest: %, Fixed rate, Act/Act, payable annually in arrears. Single reset on 14 September 2025 to the prevailing 5-y Euro Mid Swap Rate plus the Initial Margin
IPT: 5.125% area
Tax Call:
At par. Applicable as per Condition 6.2 of the Terms & Conditions for the Italian Law Notes in the EMTN Programme, at their Early Redemption Amount together with accrued interest to (but excluding) the date of redemption
Reg Call:
At par. Applicable as per Condition 6.3 of the Terms & Conditions for the Italian Law Notes in the EMTN Programme, at their Early Redemption Amount together with accrued interest to (but excluding) the date of redemption
Loss Absorption / Contractual recognition of statutory bail-in power:
Subordinated Notes may be subject to loss absorption on any application of the general bail-in tool or at the point of non-viability of the Issuer discussed in Risk Factors of the EMTN Programme ; Each Noteholder acknowledges and agrees to be bound by the exercise of any Bail-in Power by the Relevant Authority
Docs: EMTN Programme; base prospectus dated 6 July 2020, as supplemented on 28 August 2020
Denoms: €100k + 1k
Listing: Luxembourg Stock Exchange’s Regulated Market
Governing Law: Italian Law
Target Market: Eligible Counterparties and Professional clients only (all distribution channels) No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
Issuer Ratings: Ba2 Negative (Moody’s), BBBL Negative (DBRS)
Expected Issue Ratings: B1 (Moody’s), BB (DBRS)
Security Subordinated Tier 2
Offering Format:
RegS, Compliance Category 2; Bearer form, TEFRA D (no communications into the US)
Issue Size: €500m (WNG)
Settlement Date: 14 September 2020 (T+5)
Maturity Date: 14 September 2030
Optional Redemption Date: At par. In whole but not in part, on 14 September 2025 at the Issuer’s discretion, subject to regulatory approval
Coupon/Interest: %, Fixed rate, Act/Act, payable annually in arrears. Single reset on 14 September 2025 to the prevailing 5-y Euro Mid Swap Rate plus the Initial Margin
IPT: 5.125% area
Tax Call:
At par. Applicable as per Condition 6.2 of the Terms & Conditions for the Italian Law Notes in the EMTN Programme, at their Early Redemption Amount together with accrued interest to (but excluding) the date of redemption
Reg Call:
At par. Applicable as per Condition 6.3 of the Terms & Conditions for the Italian Law Notes in the EMTN Programme, at their Early Redemption Amount together with accrued interest to (but excluding) the date of redemption
Loss Absorption / Contractual recognition of statutory bail-in power:
Subordinated Notes may be subject to loss absorption on any application of the general bail-in tool or at the point of non-viability of the Issuer discussed in Risk Factors of the EMTN Programme ; Each Noteholder acknowledges and agrees to be bound by the exercise of any Bail-in Power by the Relevant Authority
Docs: EMTN Programme; base prospectus dated 6 July 2020, as supplemented on 28 August 2020
Denoms: €100k + 1k
Listing: Luxembourg Stock Exchange’s Regulated Market
Governing Law: Italian Law
Target Market: Eligible Counterparties and Professional clients only (all distribution channels) No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK