Banco BPM launches tender offer for EUR 300 million 7% AT1 notes at 101.45%

Banco BPM launched an any-and-all cash tender for its EUR 300 million 7% perpetual Additional Tier 1 Notes (XS2398286471). Offer price set at 101.450% of principal, with accrued interest payable on settlement. Transaction tied to a planned new issue of euro-denominated fixed-rate reset perpetual Additional Tier 1 Notes, subject to market conditions. Tender deadline set for Oct. 21, 2026, 5:00 p.m. CEST; settlement expected Oct. 26, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco BPM S.p.A. published the original content used to generate this news brief on October 14, 2026, and is solely responsible for the information contained therein. (C)