Banca Mps successfully places a eur 500 million Senior Preferred Bond
DEMAND FOR APPROX. EUR 2 BILLION FROM ITALIAN AND INTERNATIONAL INSTITUTIONAL INVESTORS
Siena, 4 June 2026 - Banca Monte dei Paschi di Siena S.p.A. (the “Bank” or “BMPS”) has successfully completed the placement of a new Senior Preferred Unsecured bond. The fixed-rate bond, with a maturity of 3 years (due 2029) and an early redemption option after 2 years, was issued for a total of EUR 500 million.
The transaction generated orders of approximately 2 billion euros thanks to significant interest from leading Italian and international institutional investors. The result confirms the market’s confidence in the growth path undertaken by Montepaschi Group, with the Mediobanca integration process proceeding in line with its objectives and the continued strengthening of its economic and financial fundamentals.
The annual fixed coupon is set at 3.25%, with a re-offer price of 99.853%, corresponding to a spread
of 50 bps over the mid-swap rate, well below the initial guidance of 80 bps and the tightest level
achieved for BMPS senior issuances.
Investor demand was well diversified, both in terms of investor type and geographical distribution, with orders mainly from the United Kingdom (26%), Italy (16%), Spain and Portugal (16%), France (15%) and other European countries (27%).
With this transaction, executed under the Debt Euro Medium Term Notes Programme, the Bank further demonstrates its ability to access international capital markets, including at shorter maturities and continues the implementation of the Group’s 2026 Funding Plan.
The notes will be issued in dematerialised form and settled through Euronext Securities Milan (Monte Titoli). The expected ratings are Baa3 from Moody’s, BBB- from Fitch and BBB from Morningstar DBRS. The bond will also be listed on the Luxembourg Stock Exchange.
BMPS, Citi, Mediobanca, NatWest, Société Générale, UBS and UniCredit, acted as Joint Bookrunners in the transaction.
Dentons Europe Studio Legale Tributario assisted BMPS in the transaction and A&O Shearman acted as legal counsel to the Joint Bookrunners.
