Monte dei Paschi secures IG ratings for huge NPL deal

Banca Monte dei Paschi di Siena (MPS) said on Thursday that it had closed a securitization of €24.1bn of non-performing loans, with rating agencies deeming the senior tranche of the deal to be investment grade.

  • By Asad Ali
  • 11 May 2018
Monte dei Paschi said on Thursday, May 10 that it had completed a securitization of a €24.1bn portfolio of bad loans, with rating agencies deeming the €2.9bn senior tranche investment grade. The bank will retain the bulk of the deal, called Siena NPL 2018, but it could place ...

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1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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1 Citi 104,581.71 299 10.92%
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3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%