MPS makes tracks for Italian reopening

With guidance in place and books ready to open, the question with Monte dei Paschi di Siena’s revival of Italian RMBS is how much investors want it. MPS has taken every care to make sure the deal will fly and promised to size it to market demand, taking down the rest of the triple-A paper in a retained A3 tranche. But will this be enough to push the deal past the taint of “peripheral” status? Read EuroWeek on Friday to find out.