Hogan Lovells advises Banca Monte dei Paschi di Siena on two new bond issuances
Milan, 05 February 2020 – Global law firm Hogan Lovells has advised Banca Monte dei Paschi di Siena in two new significant issuances of bonds under the Debt Issuance Programme of the bank including:
The issuance of unsecured senior preferred bonds for an overall amount of EUR€750 million. The issuance registered the interest from approximately 150 institutional investors with an order-book of approximately EUR€1.2 billion. The bonds bear fixed interest rate with a five-years maturity and have been listed on the Luxembourg Stock Exchange;
The issuance of a Tier2 subordinated bonds for an overall amount of EUR€400 million. The issuance registered the interest from approximately 100 institutional investors with an order-book of EUR€900 million. The bonds have a 10 years maturity with a fixed-to-floating coupon and may be early redeemed after five years subject to the approval of the relevant authorities. The bonds have been listed on the Luxembourg Stock Exchange
The Hogan Lovells team advising the issuer includes partner Corrado Fiscale, counsel Annalisa Feliciani, and associates Matteo Scuriatti and Alessandro Azzolini. Partner Fulvia Astolfi and senior associate Maria Cristina Conte advised on tax issues.
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