Hogan Lovells advises on Banco BPM's first EUR 750 million Social Covered Bond issuance

Hogan Lovells advised Banco BPM on its first EUR 750 million Social Covered Bond issuance, which is intended for refinancing Eligible Social Loans under the bank’s ESG strategy. The bond, with a maturity of 4.5 years, aims to support residential mortgages for disadvantaged individuals, which benefit from an 80% state guarantee.