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