Casaforte CMBS Primed For Year-End Closure

Italy-based Banca Monte dei Paschi di Siena is primed to price its €1.67 billion ($2.34 billion) Casaforte Italian CMBS on Dec. 17 and close the notes Dec. 22, with the trade set to be publicly sold to the bank’s retail investors, rather than to the broader European ABS investor base.