REG-Commerzbank AG (London Branch): Pre-Stabilisation Notice

COMMERZBANK AGAnnouncement

16/10/2025 09:45

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                                                                                                                                                                       
 Other offer terms:                                                         EMTN documentation, denoms 150k/1k, listing Luxembourg Stock Exchange. ISIN IT0005675126                                                                                  
 Stabilisation:                                                                                                                                                                                                                                       
 Stabilisation Coordinator:  Stabilising Managers:                          Commerzbank AG  Banca Akros S.p.A.  Credit Agricole Corporate Investment Bank  IMI Intesa Sanpaolo S.p.A.  J.P. Morgan SE  Natwest Markets N.V.  Société Générale SA      
 Stabilisation period expected to start on:                                 October 16, 2025                                                                                                                                                          
 Stabilisation period expected to end on:                                   no later than 30 days after the proposed issue date of the securities                                                                                                     
 Existence, maximum size and conditions of use of over-allotment facility.  The Stabilising Managers may over-allot 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

 



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