MPS to offer the ‘ultimate recovery play’

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By Jasper Cox
04 Jan 2018

Banca Monte dei Paschi di Siena announced a mandate for a benchmark tier two bond on Thursday, its first since its recapitalisation last year. It is a crucial deal for the bank, but it will have to offer a high coupon to tempt investors back.

The roadshow takes place from Monday, with Thursday mooted as the potential date for the deal to come to market.

The 10 year non-call five euro bond is the first since the Italian Ministry of Economy and Finance injected €3.9bn of capital into the bank and €4.3bn of ...

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