Monte launches T2 at 8% to complete capital plan

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Monte launches T2 at 8% to complete capital plan

Tyler Davies
January 15, 2020 01:00 pm
Monte_Paschi_PA_575x375_150120
The exterior of the Italian bank Monte dei Paschi di Siena in Rome, Italy, 07 February 2017. Photo: Lena Klimkeit | usage worldwide | Lena Klimkeit/DPA/PA Images

Banca Monte dei Paschi di Siena was more than two times subscribed for a €400m tier two on Wednesday, as the state-backed Italian lender used strong market conditions to finally complete the last leg of its capital raising plan.

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ItalyBank CapitalMonte dei PaschiEuropeRegulatory CapitalEMEAFIG
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Tyler Davies
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