Clouds hang over Monte T2s as UniCredit sets out merger ambitions

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Clouds hang over Monte T2s as UniCredit sets out merger ambitions

Tyler Davies
July 30, 2021 11:00 AM
Monte_dei_Paschi_Adobe_575x375_200220
(dpa) - The picture shows the entrance to the Bank Monte dei Paschi in Siena, Italy, 31 October 2005. The bank was founded in 1624 by order of Ferdinand II. who wanted to support agriculture with credits. Soon the bank became a major pillar of Siena's wealth. The bank is now one of the world's oldest money institutes. Photo: Lars Halbauer | usage worldwide | Lars Halbauer/DPA/PA Images

Banca Monte dei Paschi di Siena’s capital instruments are at risk of being zeroed after UniCredit announced this week that it could buy the state-owned Italian lender on extremely favourable terms. Market participants are more optimistic on Monte’s senior debt, which would rally strongly if included in a merger.

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ItalyMonte dei PaschiEMEAPeople and MarketsMarket NewsBank CapitalSenior DebtFIG People and MarketsEuropeUniCreditRegulatory CapitalFIG
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Tyler Davies
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