Report
Carine Maciol

Banca Monte dei Paschi : What does the future hold for the bank and bondholders?

Almost exactly four years ago, we issued a special comment on MPS entitled "Tomorrow never dies". The world's oldest bank would yet again ride out another crisis thanks to a precautionary recapitalisation plan which saw the Italian state taking a stake in the lender via a € 5.4bn bailout and burden sharing by holders of € 4.5bn of subordinated notes. Recapitalised and boosted by the deconsolidation of € 29bn of NPE through a securitisation deal, the bank embarked on a five-year r...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carine Maciol

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