Banca Monte dei Paschi di Siena announces a 4.1 bln euro mortgage loan securitization

Siena - Banca Monte dei Paschi di Siena has completed a securitization transaction (Siena 09-6 series 2) providing for the issuance of securities for an amount of approximately 4.1 bln Euros, deriving from the non-recourse disposal of performing residential mortgage loans (originated by BMPS) to a special purpose vehicle incorporated pursuant to Italian law no. 130/99. The securities have been fully repurchased by BMPS and will be available as a collateral for main refinancing operations and any further issuance of covered bonds in the future. This securitization follows previous transactions backed by similar assets (ref. Siena 07-5 , Siena 07-5 series 2 and Siena 09-6) and is in line with the liquidity management policy of the Montepaschi Group.