MPS soars as it presses on with rescue plan
Banca Monte dei Paschi di Siena’s tier two bonds received a boost this week, after it confirmed it was pressing on with its rescue plan but would not rule out Italian banker Corrado Passera’s new proposal for a way to raise €5bn of capital without involving bondholders.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts