Hogan Lovells advised in the €500 million Banca Monte dei Paschi di Siena senior preferred bond
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| 12
July
2019
Hogan Lovells advised Banca Monte dei Paschi di Siena, in relation to the issue of an unsecured senior preferred bond for an amount of €500 million. The bond has a fixed rate and a three-year maturity and is addressed to institutional investors.
This is the first issue of a senior unsecured bond by Banca Monte dei Paschi di Siena since the start of the restructuring plan.
The bond, which will be listed on the Luxembourg Stock Exchange, pays annually a fixed coupon of 4% and is issued under the Euro Medium Term Notes programme of Banca Monte dei Paschi di Siena.
The team of Hogan Lovells that assisted the issuer was composed of Partner Corrado Fiscale, Counsel Annalisa Feliciani and Associate Matteo Scuriatti. Partner Fulvia Astolfi and Senior Associate Maria Cristina Conte advised on tax issues.
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