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Allen & Overy advises on Banco BPM’s EUR750m Green Covered Bond

Allen & Overy has advised Banco BPM in relation to the placement of the bank’s first green covered bond with a value of EUR750 million and five years’ maturity, intended for institutional investors. 

The covered bond is aimed at re-financing a portfolio of green residential mortgages supplied to the bank’s retail clients to buy high energy efficiency properties. The bond issue should be seen in the context of Banco BPM’s ESG Framework.

The Allen & Overy team advising Banco BPM is led by partner Stefano Sennhauser and counsel Pietro Bellone, and supported by associate Giovanni Leuratti and trainee Riccardo Ingrao.