Banco Bpm Spa MIL:BAMI
Banco BPM S p A : Inside Information / Ad Hoc Information - BANCO BPM SOCIETA PER AZIONI - IT0005640203 BcBPM 3,92% 13/03/2031
Source: MarketScreener
Milan, 24 April 2026
Schedule of Underlying Transactions BANCO BPM S.p.A. Issue of EUR 75,000,000 3.92% Senior Preferred Notes due 13 March 2031 (the "Notes") under the €25,000,000,000 Euro Medium Term Note Programme, Series no. 29 - IT0005640203This document constitutes the schedule of the Underlying Transactions ("Schedule of Underlying Transactions")] relating to the issue of Notes described in caption. Capitalised terms used but not defined herein shall have the same meaning of those defined in the prospectus relating to the Notes dated 11 March 2025 (the "Drawdown Prospectus"), including the documents incorporated by reference therein.
This Schedule of Underlying Transactions contains information on the composition the Underlying Transactions.
For additional information on the terms and conditions of the Notes, see the sections of the Drawdown Prospectus entitled "Issue Terms" and "Annex to the Issue Terms", as well as the section entitled "Terms and Conditions of the Dematerialised Notes" of the Base Prospectus dated 4 June 2024 which is incorporated by reference in the Drawdown Prospectus.
It is hereby specified that the Issuer has no obligation to repurchase the Notes from the Noteholders and has the right, in its sole and absolute discretion and for any reason, to reject any Noteholder's request to repurchase their Notes.
Trade Date | Arbitrage | Notional Amount | Currency | |
28/03/2025 | Bond A | IT0005594483 | 29,000,000 | EUR |
Bond B | IT0005542797 | |||
28/03/2025 | Bond A | IT0005583486 | 155,000,000 | EUR |
Bond B | IT0005024234 | |||
10/04/2025 | Bond A | IT0005583486 | 46,000,000 | EUR |
Bond B | IT0005024234 | |||
30/04/2025 | Bond A | IT0005583486 | 20,000,000 | EUR |
Bond B | IT0005024234 | |||
30/04/2025 | Bond A | IT0005594483 | 14,000,000 | EUR |
Bond B | IT0005542797 | |||
30/05/2025 | Bond A | IT0005583486 | 46,500,000 | EUR |
Bond B | IT0005024234 | |||
30/05/2025 | Bond A | IT0005594483 | 15,500,000 | EUR |
Bond B | IT0005542797 | |||
17/06/2025 | Bond A | IT0005583486 | 21,500,000 | EUR |
Bond B | IT0005024234 | |||
27/06/2025 | Bond A | IT0005583486 | 5,500,000 | EUR |
Bond B | IT0005024234 | |||
27/06/2025 | Bond A | IT0005594483 | 4,000,000 | EUR |
Bond B | IT0005542797 | |||
27/06/2025 | Bond A | DE0002435708 | 199,966,000 | EUR |
Bond B | DE0001135085 | |||
09/07/2025 | Bond A | DE0002435708 | 55,680,000 | EUR |
Bond B | DE0001135085 | |||
16/07/2025 | Bond A | IT0005583486 | 8,000,000 | EUR |
Bond B | IT0005024234 | |||
16/07/2025 | Bond A | IT0005594483 | 10,000,000 | EUR |
Bond B | IT0005542797 | |||
25/09/2025 | Bond A | XS2021173922 | 25,000,000 | EUR |
Bond B | DE0001102622 | |||
30/09/2025 | Bond A | IT0005583486 | 15,000,000 | EUR |
Bond B | IT0005024234 | |||
30/09/2025 | Bond A | IT0005594483 | 9,500,000 | EUR |
Bond B | IT0005542797 | |||
06/10/2025 | Bond A | XS0125234590 | 6,617,974 | EUR |
Bond B | IT0005580094 | |||
09/10/2025 | Bond A | XS2405489092 | 30,000,000 | EUR |
Bond B | DE0001102531 | |||
26/11/2025 | Bond A | IT0005594483 | 56,000,000 | EUR |
Bond B | IT0005542797 | |||
26/11/2025 | Bond A | IT0005415291 | 10,500,000 | EUR |
Bond B | IT0005403396 | |||
18/12/2025 | Bond A | IT0005583486 | 18,000,000 | EUR |
Bond B | IT0005024234 | |||
20/01/2026 | Bond A | DE0002435708 | 204,000,000 | EUR |
Bond B | DE0001135085 | |||
24/02/2026 | Bond A | XS0125234590 | 80,660,160 | EUR |
Bond B | IT0005580094 | |||
24/02/2026 | Bond A | XS0125233436 | 20,000,000 | EUR |
Bond B | IT0005580094 | |||
11/03/2026 | Bond A | IT0005583486 | 163,000,000 | EUR |
Bond B | IT0005024234 | |||
11/03/2026 | Bond A | IT0005594483 | 26,500,000 | EUR |
Bond B | IT0005542797 | |||
11/03/2026 | Bond A | IT0005415291 | 6,000,000 | EUR |
Bond B | IT0005403396 | |||
26/03/2026 | Bond A | IT0005583486 | 12,000,000 | EUR |
Bond B | IT0005024234 | |||
26/03/2026 | Bond A | XS0125234590 | 11,188,716 | EUR |
Bond B | IT0005580094 | |||
26/03/2026 | Bond A | XS0125233436 | 7,000,000 | EUR |
Bond B | IT0005580094 |
24/04/2026 | Bond A | IT0005583486 | 23,000,000 | EUR |
Bond B | IT0005024234 |
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Index-Components Arbitrage
"Index-Components Arbitrage" refers to a strategy where being long on a Credit Index while being short on its CDS Components, or vice versa, creates an arbitrage opportunity.
A "Credit Index" refers to any of the Markit credit default swap indices, which may have maturities that extend beyond the Maturity Date and notionals that exceed the aggregate principal amount of the Notes. This includes any successor or replacement index, such as the Markit iTraxx® and Markit CDX™ indices, as determined solely and absolute discretion by the Issuer. Additionally, a Credit Index may consist of a portfolio of credit default swap tranches that together form a complete capital structure, effectively replicating a Markit credit default swap index.
"CDS Components" refer to a basket of single-name credit default swap transactions that match the notional amount, maturity, coupons, and reference entities of the Credit Index components. They may also consist of a portfolio of credit default swap tranches that align in terms of maturity, aggregate notional, aggregate coupons, and aggregate reference entities with the Credit Index components.
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Asset Swap Arbitrage
Asset Swap Arbitrage refers to a strategy involving a long position in an asset swap on debt obligation (Bond A) and a short position in an asset swap on a different debt obligation (Bond B).
Bond A and Bond B refer to debt obligations issued by a government or another issuer, that have the same seniority, similar maturities and with coupon payments and/or redemption value that may be linked to a specific consumer price index or settled at par. Bond A and Bond B are issued by the same entity, or, if issued by different entities, are subject to a substantially identical level of credit risk due to any form of credit support (including guarantees and/or securities provided by the same entity). In both cases the Bonds share the same seniority and similar maturities.
- EU Allowances Arbitrage
EU Allowances Arbitrage refers to a strategy involving a long position in EU Allowances traded in the spot market and a short position in EU Allowances futures, or vice versa.
EU Allowances Spot, also referred to as EU Emission Allowances (EUAs), represents permits issued under the European Union Emissions Trading System (EU ETS). Each allowance entitles the holder to emit one tonne of carbon dioxide (CO2) or an equivalent amount of another greenhouse gas.
EU Allowances Future refers to financial contracts that create an obligation for the buyer to purchase and the seller to deliver a specified quantity of EU Emission Allowances (EUAs) at a predetermined price on a future settlement date.