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Allen & Overy advises on the first European Covered Bond (Premium) by Banco BPM
Allen & Overy has advised Banco BPM in relation to the issuance of a series of covered bonds reserved to institutional investors for an amount of EUR750 million.
This transaction represents the first European Covered Bond (Premium) issued by Banco BPM in compliance with the new European regulation, as recently transposed in Italy, and has been carried out under the bank’s EUR10 billion Covered Bond programme.
Allen & Overy has advised Banco BPM with a team led by partner Pietro Bellone, with the support of associates Chiara D’Andolfo and Pietro Milanesi.
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