The subscription period for the 5 billion capital increase of Banca Mps has successfully closed. The increase was, in fact, almost entirely subscribed (99,85%), for an amount of over 4,99 billion. This was announced by the bank itself in a statement.
The managing director Fabrizio Viola is satisfied: “We are consolidating capital requirements. The increase will allow us to return approximately 3,5 billion” of Monti bonds to the Italian government. In detail, over 116 million option rights were exercised for the subscription of 4.992.056.324 new shares offered at the price of 1 euro per share. At the end of the period, therefore, 178.555 option rights had not been exercised to subscribe for 7.642.154 new shares.
In the meantime, Mps has received the upgrade of the rating on the covered bonds issued by the bank to "Baa3" from the previous rating of "Ba1". The decision follows a decision, announced on Thursday, to raise the bank's main rating to B1 from B2.
