These are the details of the selected bond:
- Issuer: Banco BPI
- Covered bond rating(s) at launch: Aaa (Moody's) AA (high) (DBRS)
- Amount: EUR500m
- Maturity date: 8 April 2031
- Re-offer price: 99.489
- Coupon: 2.625%
- Swap spread: 32bp
- Government spread: 43.0bp
- Pricing date: 1 October 2025
- Settlement date: 8 October 2025
- Bookrunners: CaixaBank, Credit Agricole, HSBC, IMI Intesa Sanpaolo, LBBW, Natixis
- Country: Portugal
- ISIN: PTBPIPOM0011
- Collateral type: Mortgage
- The CBR bond ID: 3225
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR1.2bn (inc. EUR90m JLMs) with 43 accounts. Banks/private banks 48%, asset managers 27%, insurance companies/pension funds 14%, central banks/official institutions 10%, other 1%. Germany/Austria/Switzerland 43%, Benelux 19%, Nordics 13%, Italy 8%, Portugal 7%, France 3%, Spain 3%, UK/Ireland 2%, other 2%.
