BANCA MPS: ISSUE OF SENIOR PREFERRED BOND SUCCESSFULLY COMPLETED FOR EUR 750 MILLION

Siena, 21 January 2020 - Banca Monte dei Paschi di Siena has successfully completed the issue of a fixed-rate Senior Preferred unsecured bond with a maturity of 5 years and 3 months (April 2025) and a size of EUR 750 million, reserved to institutional investors.

The issue was met with an excellent response from the market, with an order-book of 
c. EUR 1.2 billion from more than 115 investors. Thanks to the strong demand, which passed the EUR 1.6 billion mark during issuance, the initial price guidance of about 3% was tightened towards the final yield, set at 2.7%.

The bond was placed across various institutional investor categories, comprising Asset Managers (55%), Banks/Private Banks (27%), Hedge Funds (12%), Pension Funds and Insurance Companies (5%) and others (1%). The geographical breakdown was the following: UK and Ireland (44%), Italy (39%), other countries (17%).

The bond, documented under BMPS’ Debt Issuance Programme, with expected Caa1 (Moody's) / B (Fitch) / B(high) (DBRS) ratings, will be listed on the Luxembourg Stock Exchange.

BNP Paribas, Deutsche Bank, J.P. Morgan, Mediobanca, MPS Capital Services and Santander managed the placement, acting as Joint Bookrunners.

This press release is available on www.gruppomps.it