Financial

BANCA MPS: SUCCESSFUL ISSUE OF ITS FIRST 5-YEAR EUROPEAN COVERED BOND (PREMIUM) FOR EUR 750 MILLION
DEMAND FROM ITALIAN AND INTERNATIONAL INVESTORS ABOVE EUR 2.3 BILLION

Siena, 16 April 2024 - Banca Monte dei Paschi di Siena S.p.A. has successfully completed the issuance of a 5-year, EUR 750 million covered bond, aimed at Italian and foreign institutional investors.

This is the Bank's first issue of European Covered Bonds (Premium) following the implementation of the European Directive on the harmonisation of covered bonds, which will allow it to further diversify its funding sources. Confirming the strong interest shown in the Group by Italian and foreign investors, the demand was above EUR 2.3 billion, allowing the coupon to be set at 3.5% with a re-offer price of 99.919%.

The bond has an expected rating of Aa3 / AA- / AA (Moody’s / Fitch / Morningstar DBRS) and matures on 23 April 2029.

The issue was placed with almost 60 institutional investors. The geographical distribution reflects broad national and international interest, with the following breakdown: UK and Ireland (47%), Italy (20%), other European countries (22%).

Banca Monte Dei Paschi di Siena S.p.A., Barclays, Crédit Agricole CIB, Deutsche Bank, IMI-Intesa Sanpaolo and NatWest Markets acted as joint bookrunners for the issue.

The bonds will be listed on the Luxembourg Stock Exchange.

Contacts

Relazioni con i media

Media Relations

Ph: +39 0577 296634
Email: ufficio.stampa@mps.it

Investor Relations

Ph: +39 0577 299350
Email: investor.relations@mps.it

Last modified: 16/04/2024