White & Case advises Banco BPM on €500 million Social Senior Preferred issuance

Global law firm White & Case LLP has advised Banco BPM S.p.A. on the issuance of a €500 million 3.00% Social Senior Preferred bond due 2031 under its Euro Medium Term Notes Programme.

It represents the first Social Bond issued in 2026 under Banco BPM's Green, Social and Sustainability Bonds Framework, bringing its total ESG issuances to €8 billion. The proceeds will be used to finance and/or refinance loans granted to Italian SMEs located in economically disadvantaged areas.

The White & Case team which advised on the transaction was led by partners Michael Immordino (London & Milan) and Pietro Magnaghi (Milan) and included partner Alessandro Zappasodi (Milan) and associate Andrea Lamonica (Milan).

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