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Banco BPM to redeem 500 million floating-rate covered bonds July 8
By Sarah Lizee
Olympia, Wash., June 28 Banco BPM SpA said it will redeem in full its 500 million of outstanding floating-rate covered bonds due Jan. 18, 2023.
The bonds will be redeemed on July 8.
BPM said it had previously redeemed 500 million of the bonds in October 2015.
The bonds were originally issued under the banks 10 billion covered bond program, which is guaranteed by BMP Covered Bond Srl.
The bank is based in Milan.
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