BPER Banca has concluded the placement of the first issue of Social bonds (Senior Preferred) for an amount of 500 million euro and a 6-year maturity for institutional investors.
Orders exceeded € 1.25 billion from over 110 institutional investors.
The bond, issued as part of a recently published Environmental, Social and Sustainability Bond Framework and under the EMTN program of 6 billion euros, will finance a selected portfolio of SMEs that have been granted disbursements covered by the public guarantee provided in the Liquidity Decree to deal with the Covid-19 emergency.
Crédit Agricole CIB, Citi, Goldman Sachs International, Mediobanca, Natixis and NatWest Markets operated as Joint Bookrunners of the issue. Crédit Agricole CIB and NatWest Markets also acted as Green and Social Structuring Advisors.