(Tiper Stock Exchange) – Bank Monte dei Paschi di Siena successfully concluded the placement of a bond issue unsecured of the Senior Preferred type with a 4-year maturity (redeemable in advance after 3 years), intended for institutional investors, for an amount equal to 500 million eurosin line with the objectives of the 2023 funding plan and in compliance with the MREL targets.
The operation has collected orders exceeding 700 million euros from over 90 investors both Italian and international, confirming the appreciation of the market a few months after the first issue in February, reads a note.
MPS has fixed the coupon at a final level of 6.75%which represents a contraction of 12.5 bps compared to the initial indication and in line with the previous issue which had a shorter duration, albeit in a context of higher rates.
The bond was placed at various typologies of institutional investors, such as Fund Managers, Banks and Private Banks, with the following geographical breakdown: Italy (58%), United Kingdom (28%) and other countries (14%).
Bank of AmericaBanca Monte dei Paschi di Siena, JPMorgan, Mediobanca And Morgan Stanley have taken care of the placement as Joint Bookrunners.