Global law firm White & Case LLP has advised Banco BPM S.p.A. on the update of its €25 billion Euro Medium Term Note Programme.
The programme was amended to allow the bank to issue Senior Non-Preferred Notes and in order to comply with European banking regulations regarding the minimum requirement for own funds and eligible liabilities (MREL). The Notes issued under the programme will be listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the Securities Act.
Citigroup acted as Arranger. Banca Akros, Banca IMI, Barclays, BNP Paribas, BofA Merrill Lynch, Crédit Agricole CIB, Credit Suisse, Deutsche Bank, Goldman Sachs International, HSBC, J.P. Morgan, Mediobanca, Nomura, Société Générale and UBS acted as Dealers.
The White & Case team which advised on the transaction included partners Michael Immordino (London & Milan) and Ferigo Foscari, local partner Paul Alexander, associates Angelo Messore and Louise Ruggiero and lawyer Marco Sportelli (all Milan).
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