Pre-Stabilisation Notice Banco BPM S.p.A.

Pre-Stabilisation Notice

 

October 16, 2025

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

 

Banco BPM S.p.A.

EUR 500mil Fixed to Floating SNP due 23 October 2031

Launched pursuant to the Issuer's EUR25bn EMTN Programme dated 16th May 2025 and supplemented on 17th September 2025

 

 

Commerzbank AG (contact: Ian Turner; telephone: +44-207-7475-1817) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014).

 

The security to be stabilised:

Issuer:                                Banco BPM S.p.A.

Guarantor (if any):                    none

Aggregate nominal amount:              EUR 500mil

Description:                           EUR 500mil Fixed to Floating Rate SNP
                                       Notes due 23 October 2031

Offer price:                           tbc

                                       EMTN documentation, denoms 150k/1k,
Other offer terms:                     listing Luxembourg Stock Exchange. ISIN
                                       IT0005675126

Stabilisation:

                                       Commerzbank AGBanca Akros S.p.A.

                                       Credit Agricole Corporate Investment
Stabilisation Coordinator:             Bank

Stabilising Managers:                  IMI Intesa Sanpaolo S.p.A.

                                       J.P. Morgan SENatwest Markets N.V.

                                       Société Générale SA

Stabilisation period expected to start October 16, 2025
on:

Stabilisation period expected to end   no later than 30 days after the proposed
on:                                    issue date of the securities

Existence, maximum size and conditions The Stabilising Managers may over-allot
of use of over-allotment facility.     the securities to the extent permitted
                                       in accordance with applicable law.

Stabilisation trading venue:           Luxembourg Stock Exchange Regulated
                                       Market

 

In connection with the offer of the above securities, the Stabilising Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

 

This announcement is not for distribution, directly or indirectly, in or into the   United States or any other jurisdiction in which such distribution would be unlawful.

 

 

END