Yesterday in bank evening Monte dei Paschi di Siena announced the launch of a guaranteed bond destined for the Euromarket. The issue is worth a total of one billion euro and the maturity of the bonds is seven years.
As for the price, which initially started with an initial price indication in the mid swap area +175 basis points, thanks to an order book of almost four billion euro, the operation recorded an official price indication equal to the mid swap +160 basis points.
The bond is intended for qualified institutional investors and financial intermediaries. The annual coupon is 2,875% and, in light of the "below par" re-offer price (99,763%), the yield to maturity is 2,913% per annum.
"The transaction confirms, after the recent senior unsecured issue in recent days, the ability of the Sienese institute to access the capital market and the recognition of the BMPS brand among international investors", reads the note released by the Bank.
On the stock side, Montapaschi's share dropped 0,44% today at the opening of Piazza Affari.
