Issuer: Banca Monte dei Paschi di Siena S.p.A.
Issuer Rating: Caa1*+ (Moody’s) / B* (Fitch) / BH Stable (DBRS)
Exp. Issue Rating: Caa1 (Moody’s) / B (Fitch) / BH (DBRS)
Format: Senior Preferred Unsecured, Unsubordinated, Bearer, RegS,
Tefra D
Size: EUR Benchmark
Coupon: [•]%,Fixed, Annual, Act/Act. Long first
IPTs: MS+270/275bp
Settlement Date: [09 December 2020](T+6)
Maturity Date: [09 January 2026] (long 5y)
Redemption for
tax reasons: The Notes may be redeemed at the option of the Issuer in
whole, but not in part, at any time for taxation reasons
(obligation to pay additional amounts as a result of
amendment to tax legislation) as defined in Condition
5(b) of the EMTN programme
Denoms: €100k + €1k
Listing/Docs: Luxembourg/Issuer’s EUR50bn Debt Issuance Programme dated
22th July 2020 and supplemented on 20th August 2020, 1st
September 2020, 08th October 2020 and 27th November 2020
Use of Proceeds: General Corporate Purposes
Selling Restrictions: As per Issuer's Programme
Governing Law: Italian law
Target Market/PRIIPs: Manufacturer target market (MIFID II product governance)
is eligible counterparties and professional clients only
(all distribution channels). No PRIIPs key information
document (KID) has been prepared as not available to
retail in EEA
Timing: Today’s Business
Issuer Rating: Caa1*+ (Moody’s) / B* (Fitch) / BH Stable (DBRS)
Exp. Issue Rating: Caa1 (Moody’s) / B (Fitch) / BH (DBRS)
Format: Senior Preferred Unsecured, Unsubordinated, Bearer, RegS,
Tefra D
Size: EUR Benchmark
Coupon: [•]%,Fixed, Annual, Act/Act. Long first
IPTs: MS+270/275bp
Settlement Date: [09 December 2020](T+6)
Maturity Date: [09 January 2026] (long 5y)
Redemption for
tax reasons: The Notes may be redeemed at the option of the Issuer in
whole, but not in part, at any time for taxation reasons
(obligation to pay additional amounts as a result of
amendment to tax legislation) as defined in Condition
5(b) of the EMTN programme
Denoms: €100k + €1k
Listing/Docs: Luxembourg/Issuer’s EUR50bn Debt Issuance Programme dated
22th July 2020 and supplemented on 20th August 2020, 1st
September 2020, 08th October 2020 and 27th November 2020
Use of Proceeds: General Corporate Purposes
Selling Restrictions: As per Issuer's Programme
Governing Law: Italian law
Target Market/PRIIPs: Manufacturer target market (MIFID II product governance)
is eligible counterparties and professional clients only
(all distribution channels). No PRIIPs key information
document (KID) has been prepared as not available to
retail in EEA
Timing: Today’s Business
Ultima modifica:
