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Mps, subordinated bonds collapse. Burden sharing is scary

2021-10-25T08:20:02.626Z


The four subordinated bonds issued by Mps collapse, for a total value of € 1.75 billion. (HANDLE)


(ANSA) - MILAN, OCTOBER 25 - The four subordinated bonds issued by Mps collapse, for a total value of € 1.75 billion.

The securities sell between 13% and 19.4% on the basis of a burden sharing in the event that Monte, in the absence of investors willing to subscribe to the increase with the State, should be secured with a precautionary capitalization and not under conditions of market.


   The 750 million bond expiring in 2028 loses 16.8% and trades just over 60% of its nominal value, the 300 million bond expiring in 2029 falls by 13% to 84.5, the 400 million bond expiring in 2030 collapses by 19 , 4% to 63.4 and that from 300 million with maturity in 2030 of 18.9% to 66. (ANSA).


Source: ansa

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