Market divided over Monte dei Paschi pricing

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Market divided over Monte dei Paschi pricing

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The exterior of the Italian bank Monte dei Paschi di Siena in Rome, Italy, 07 February 2017. Photo: Lena Klimkeit | Lena Klimkeit/DPA/PA Images

The coupon for Banca Monte dei Paschi di Siena’s €750m comeback tier two deal was compared with a whole host of other subordinated transactions this week — with varying opinions on what represented good value.

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