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

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 81,261.11 236 11.54%
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3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%