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Prospect News home > News index > List of issuers B > Headlines for Banca Monte dei Paschi di Siena SpA > News item |
DBRS rates Banca Monte dei Paschi bonds A
DBRS said it an A rating to series 41 of the obbligazioni bancarie garantite (OBG; the Italian legislative covered bonds) issued under the Banca Monte dei Paschi di Siena SpA €20 billion covered bond program guaranteed by MPS Covered Bond 2 Srl.
The agency said it rates all the bonds sold under the program A.
Concurrently, DBRS discontinued its ratings on series 26, which reached its final maturity date on Jan. 29 and series 27, which reached its final maturity on April 29.
Series 41 is a €700 million floating-rate bond indexed to three-month Euribor plus a margin of 0.28%, maturing in October 2024.
As with all the program’s other series, series 41 will benefit from a maturity extension to the long due for payment date of Dec. 31, 2057.
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