BIT:BAMIBanks
Banco BPM Calls Tier 2 Notes Early As Capital Structure Draws Focus
Banco BPM (BIT:BAMI) plans to redeem in full its outstanding euro-denominated subordinated Tier 2 notes ahead of their scheduled maturity.
The bank has received the necessary regulatory approval and intends to proceed with cancellation and delisting of these instruments.
Banco BPM is one of Italy's larger banking groups, with a focus on retail and commercial banking, corporate lending and related financial services. The decision to call its subordinated Tier 2 notes early comes as European...