Mercoledì, 17 Ottobre 2018

MPS shares climb 2% after issuing 'Monti bonds'


Milan, February 28 - Shares in troubled Italian
lender Monte dei Paschi di Siena (MPS) climbed 2% on Thursday
after the bank confirmed it had successfully issued 4.07 billion
euros in so-called "Monti bonds", part of a government-backed
bailout for the bank after it failed to meet the capital
requirements set by the European Banking Authority.
The bond issue was fully purchased by Italy's Treasury, MPS
Part of the issue, some 1.9 billion euros, will serve to
substitute the remaining share of Tremonti bonds MPS sold in
2009 while another 171 million euros will go on interest
payments for the Tremonti bonds, the bank said.
Tremonti bonds were named after former economy minister
Giulio Tremonti.
MPS was generally outperforming other bank stocks Thursday,
with shares in other leading lenders Mediobanca, Intesa Sanpaolo
and Unicredit slightly lower or flat.

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