Weekly Recap: Crédit Agricole stake in Banco BPM and €500M green Tier‑2 bond

Banco BPM (MIL:BAMI) announced a strategic tie-up as Crédít Agricole bought a stake calling it a long‑term partnership, while the bank raised €500M via a green Tier‑2 bond (4.13% coupon, maturing Jan 2033) — a move that supports capital needs even as the stake trims Crédit Agricole’s CET1 by ~35bp by end‑Q2 2026.

Previous Week Recap

• Crédit Agricole-Banco BPM Partnership: Crédit Agricole bought a stake in Banco BPM (BAMI); it calls the move a long‑term partnership. The investment should lower Crédit Agricole’s CET1 ratio by ~35 basis points by end‑Q2 2026.
• Banco BPM Green Tier-2 Bond: Banco BPM issued €500M green Tier-2 bond, priced 99.59% of par, fixed 4.13% coupon, maturity January 2033 — Tier-2 subordinated capital for institutional investors.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.