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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GlobalCapital European securitization league table

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1 Citi 4,296 9 12.47
2 BNP Paribas 3,136 11 9.10
3 Bank of America Merrill Lynch (BAML) 2,934 10 8.52
4 Lloyds Bank 2,213 9 6.42
5 Credit Agricole 2,025 6 5.88

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3 Wells Fargo Securities 33,822.43 98 8.52%
4 JPMorgan 31,087.25 89 7.83%
5 Credit Suisse 24,807.99 61 6.25%