Hogan Lovells advises BPER Banca on new issuance of 500 million European Covered Bond Premium

Hogan Lovells advises BPER Banca S.p.A. on new issuance of €500 million European Covered Bond (Premium)

Press releases | 28 March 2024

Milan, 28 March 2024 Global law firm Hogan Lovells has advised BPER Banca S.p.A. on a new issuance of 500 million fixed-rate European covered bonds, with 7-year tenor, reserved to institutional investors, under its 7 billion Covered Bond Programme (Estense Covered Bond).

BNP Paribas, Commerzbank, Intesa Sanpaolo, Nomura Financial Products Europe GmbH, Raiffeisen Bank International AG and UBS Europe SE acted as joint bookrunners.

It marks the issuance of BPER Banca's second series of European Covered Bond (Premium) made by BPER in compliance with the new European and Italian regime on covered bonds. The bonds are secured by a 100% residential mortgage portfolio.

The team that advised on the transaction was led by partner Annalisa Dentoni-Litta, together with senior associate Alessandro Azzolini and trainee Davide Di Falco. Serena Pietrosanti, head of Tax Italy, and Maria Cristina Conte, counsel, advised on the tax aspects.