These are the details of the selected bond:
- Issuer: Banco BPM
- Covered bond rating(s) at launch: Aa2 (Moody's)
- Amount: EUR1,000m
- Maturity date: 25 February 2032
- Re-offer price: 99.504
- Coupon: 2.75%
- Swap spread: 34bp
- Government spread: 43.9bp
- Pricing date: 18 February 2026
- Settlement date: 25 February 2026
- Bookrunners: ABN Amro, Banca Akros, Barclays, DZ, IMI Intesa Sanpaolo, Natixis, NordLB, RBI
- Country: Italy
- ISIN: IT0005696668
- Collateral type: Mortgage
- The CBR bond ID: 3323
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR2.4bn (inc. EUR340m JLMs).
