BPER Banca’s €500 Million Social Bond Offering

Baker McKenzie assisted the joint lead managers on the deal.

BPER Banca issued € 500 million Fixed to Floating Rate Senior Preferred Notes due March 2027, under the Issuer EMTN Programme. The bonds are listed on the regulated market of the Luxembourg Stock Exchange and the relevant proceeds will be allocated to Eligible Social projects such as Covid 19 related lending to SMEs.

Citi, Crédit Agricole – Corporate and Investment Bank, Goldman Sachs International, Mediobanca – Banca di Credito Finanziario S.p.A., Natixis S.A., and NatWest Markets N.V. acted as underwriters on the deal.

The Baker McKenzie team was led by counsel Eugenio Muschio (Picture) and included Luca Francoli.

Involved fees earner: Luca Francoli – Baker McKenzie; Eugenio Muschio – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Citigroup Inc.; Crédit Agricole Corporate and Investment Bank; Goldman Sachs International; Mediobanca; Natixis; NatWest Markets;

Author: Federica Tiefenthaler