New subordinate bond issues Banca Monte dei paschi S.p.A.
Dual-tranche Upper Tier II Notes Total nominal amount of EUR 750 million and GBP 200 million.
- The notes have a bullet maturity of 10 years subject to Bankit`s "nulla osta"
- Successfully priced on May 18, the fixed rate Euro denominated notes bear a coupon of 4.875% and the fixed rate GBP denominated notes a coupon of 5.75%
- JPMorgan (Global Co-ordinator of the transaction), MPS Finance and UBS acted as Lead Managers on the Euro tranche and JPMorgan and RBS as Lead Managers on the Sterling tranche