(Alliance News) - BPER Banca Spa announced that it has successfully concluded the placement of its second "green" qualified Senior Preferred bond issue, consistent with the group's GSS Bond Framework intended for institutional investors.

The amount placed was EUR500 million, with maturity 7 years and possibility of early redemption after 6 years.

Orders in excess of EUR2.4 billion were raised.

The well-diversified demand allowed the initial spread level of 155 bp above the 6-year mid-swap to be reduced to 125 bp.

Consequently, the annual coupon was determined to be 4.00%, with issue/re-offer price of 99.791%.

BPER Bank closed Wednesday's session in the green by 0.3 percent at EUR5.01 per share.

By Maurizio Carta, Alliance News reporter

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