UniCredit completes BPO transaction between M&G Polimeri Italia and BP

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Europe

Jonathan Bell

Editor-in-chief

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UniCredit has successfully completed a Bank Payment Obligation (BPO) deal for M&G Polimeri Italia, the Italian importer which is part of the third largest PET resin producer in the world, and its supplier oil and gas company BP. The transaction represents the first deferred BPO undertaken by UniCredit which was discounted without recourse to a fixed date.