Ashurst advises on Banco BPM 750 million green covered bond

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    Global law firm Ashust has advised in relation to Banco BPM's first green covered bond issuance of for €750 million, maturing in in five years and intended for institutional investors.

    The issuance is aimed at refinancing a portfolio of green mortgages distributed to private clients for the acquisition of energy-efficient buildings. The issuance is part of the bank's framework for the pursuit of its ESG strategy.

    The Ashurst team advised on the tax aspects of the transaction, led by partner Michele Milanese.