Mps, bonds dodge burden sharing, increases up to 50%

(ANSA) - MILAN, OCTOBER 13 - The subordinated bonds of Mps have marked maximum increases of up to 50% after the bank announced the full coverage of the capital increase by the banks of the guarantee consortium.

The bonds subordinated to 400 million maturing in 2030 jumped up to 49.2%, the one from 300 million maturing in 2030 up to 48.3%, the one of 750 million maturing in 2028 up to 46.6% while the one from 300 million maturing in 2029 up to 44.8%.

The coverage of the increase avoids the risk of an involvement of subordinates in a possible rescue of Monte.

The stocks, despite having retraced from the highs, still mark rises between 32 and 40%.

(HANDLE).