Banca Monte dei Paschi di Siena S.p.A. has successfully completed the placement of a EUR 750 million European Covered Bond (Premium) maturing on 22 January 2030. The bond, targeted at institutional investors, is a Conditional Pass Through $(CPT)$ structure and marks the reopening of the Italian covered bond market in 2026. The offering attracted strong demand from more than 60 investors, with orders surpassing EUR 2.4 billion. The bond carries an annual coupon of 2.625% and was priced at a spread of 30 basis points over the reference rate, the tightest level since the launch of the Bank's covered bond programme. The notes are expected to be rated Aa2 / AA+ / AA(High) by Moody’s, Fitch, and Morningstar DBRS, respectively, and will be listed on the Luxembourg Stock Exchange.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banca Monte dei Paschi di Siena S.p.A. published the original content used to generate this news brief on January 15, 2026, and is solely responsible for the information contained therein.
Comments