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16 Mar 2026

A&O Shearman advises Banco BPM on €1 billion six‑year covered bond issuance under €10 billion program

"Mar 16, 2026 — A&O Shearman advised Banco BPM on the issuance of a EUR1 billion covered bond for institutional investors, with a six‑year maturity, issued under the bank’s EUR10 billion BPM Covered Bond 2 program. The deal, said to underscore Banco BPM’s market strength, was led by partner Pietro Bellone, with trainees Dario Illice and Francesco Piantoni supporting the team."

A&O Shearman advised Banco BPM on the transaction and worked alongside Banco BPM’s internal legal team. The deal comprised an issuance of a EUR 1 billion covered bond for institutional investors with a six‑year maturity, issued under Banco BPM’s EUR 10 billion covered bond programme (BPM Covered Bond 2). A&O Shearman lawyers on the matter: Pietro Bellone — Partner (Milan; team leader). Supported by trainees Dario Illice — Trainee, and Francesco Piantoni — Trainee. (No practice areas beyond the firm affiliation were specified in the press release.)
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