Monte dei Paschi secures IG ratings for huge NPL deal

Italy_Fotolia_230x150
By Asad Ali
11 May 2018

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.

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.