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How Investors Are Reacting To Monte Dei Paschi Stock Green Bond Sale
Banca Monte dei Paschi di Siena has completed a €497.545 million placement of callable, subordinated, fixed to floating rate green notes due March 2037, issued under Regulation S at 99.509% of the €500 million principal.
The green, subordinated, variable rate structure indicates that Banca Monte dei Paschi di Siena is targeting capital efficiency and investor demand for climate-labelled bank debt, while accepting higher funding complexity and long-dated obligations.
This article will examine...