A Banca Monte Dei Paschi di Siena (MPS) €1bn seven year issued on Tuesday was the most oversubscribed covered bond of its size issued this year and, with 300 investor orders, attracted the most granular order book of the year by a wide margin.
The conditional pass through covered bond, which is rated A1/A+/AA respectively by Moody’s, Fitch and DBRS, attracted demand of €5.4bn from around 300 investors. It was priced at 125bp over mid-swaps from 135bp initially through joint leads Commerzbank
, Crédit Agricole
, Credit Suisse
, BMPS, Santander
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.