Key Developments: Banca Monte dei Paschi di Siena SpA (BMPS.MI)

BMPS.MI on Milan Stock Exchange

1.38EUR
30 Jul 2014
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Latest Key Developments (Source: Significant Developments)

York Capital owns 5.025 pct of Banca Monte dei Paschi di Siena SpA-Reuters
Monday, 28 Jul 2014 08:00pm EDT 

Banca Monte dei Paschi di Siena SpA:York Capital Management Global Advisors owns a 5.025 percent stake in Italy's Banca Monte dei Paschi, a filing by market regulator Consob showed on July 29-Reuters.  Full Article

Banca Monte dei Paschi di Siena SpA launches 1 bln euro covered bond
Tuesday, 8 Jul 2014 12:34pm EDT 

Banca Monte dei Paschi di Siena SpA:Launches a 10-year covered bond issuance for 1 bln euros.The bond was priced at 148 basis points over the mid-swap rate, compared to the original guidance of 150 basis points over the benchmark.Says it had received orders worth nearly 1.3 bln euros.The bond carries a 2.875 pct annual coupon, payable in arrears each July 16.Given the below-par re-offer price of 99.57 pct, the yield at maturity is 2.922 pct per annum.The settlement date is July 16.The minimum denomination is 100 thousand euros, and multiples of 1 thousand euros thereafter.Bank of America Merrill Lynch, Deutsche Bank, HSBC, MPS Capital Services and UBS ran the transaction as Joint Lead Managers and Bookrunners.  Full Article

Banca Monte dei Paschi di Siena SpA concludes rights offering with 4,999,698,478 euros raised
Friday, 4 Jul 2014 12:47pm EDT 

Banca Monte dei Paschi di Siena SpA:Announces that the rights offering for the subscription of 4,999,698,478 newly issued BMPS ordinary shares has been completed.The offering, which was fully subscribed, raised total proceeds of 4,999,698,478 euros and no new shares were subscribed by the underwriting syndicate.During the offering period, which opened on June 9 and closed on June 27, 116,636,830 rights were exercised in respect of 4,992,056,324 new shares, or 99.85 pct of the aggregate number of new shares available in the offering, for total proceeds of 4,992,056,324.00 euros.All remaining rights were sold in the Stock Exchange offering, during the first trading session on July 1.Following the Stock Exchange offering, all 7,642,154 of the new shares relating to the remaining rights were subscribed.  Full Article

Banca Monte dei Paschi di Siena SpA closes capital increase offering period
Friday, 27 Jun 2014 02:00pm EDT 

Banca Monte dei Paschi di Siena SpA:Says that the rights offering of maximum 4,999,698,478 newly issued BMPS ordinary shares has been closed on June 27.Subscribed 99.85 pct of the offering corresponding to 4,992,056,324.00 euros.Unexercised rights to be offered on the Italian Stock Exchange as from July 1.  Full Article

Moody’s upgrades Banca Monte dei Paschi di Siena SpA's ratings
Thursday, 26 Jun 2014 02:37pm EDT 

Banca Monte dei Paschi di Siena SpA:Says Moody’s has upgraded Banca Monte dei Paschi di Siena SpA’s long-term senior debt and deposit ratings to B1 from B2.The outlook on the bank’s senior ratings remains negative.  Full Article

Banca Monte dei Paschi di Siena SpA approves project for merger by incorporation of MPS Immobiliare in Banca MPS
Thursday, 26 Jun 2014 12:23pm EDT 

Banca Monte dei Paschi di Siena SpA:Says the Board approved the project for the merger by incorporation of the wholly owned subsidiary MPS Immobiliare SpA into Banca MPS.  Full Article

Banca Monte dei Paschi di Siena SpA announces disposal of non performing loans portfolio to Fortress
Tuesday, 10 Jun 2014 01:54am EDT 

Banca Monte dei Paschi di Siena SpA:Says it signed on June 9 a binding agreement for the disposal pro soluto of a non performing loans portfolio to a securitization vehicle financed by affiliates of Fortress Investment Group LLC.The portfolio is composed of almost 12k borrowers with a total book value, gross of provisions, of about 500 mln euros.The portfolio consists of secured and unsecured medium / long term loans.Closing of the transaction is expected before June 30.  Full Article

Banca Monte dei Paschi di Siena SpA signs underwriting agreement for rights offering
Friday, 6 Jun 2014 03:36am EDT 

Banca Monte dei Paschi di Siena SpA:Says it has signed the underwriting agreement for the rights offering with UBS acting as Global Coordinator and Joint Bookrunner.Citigroup, Goldman Sachs International and Mediobanca acting as Co-Global Coordinators and Joint Bookrunners.Barclays, BofA Merrill Lynch, COMMERZBANK, J.P. Morgan, Morgan Stanley and Societe Generale acting as Joint Bookrunners.As part of the underwriting agreement, Banco Santander, Deutsche Bank and HSBC will act as Co-Bookrunners.Banca Aletti & C. S.p.A., Banca Akros S.p.A. - Gruppo Bipiemme Banca Popolare di Milano, BBVA, Gruppo Banca Popolare di Vicenza, Credit Agricole, Credit Suisse, Equita, ING, Intermonte and Keefe, Bruyette & Woods will act as Co-Lead Managers.Pursuant to the agreement, the underwriters have undertaken to guarantee, severally but not jointly, the subscription of any common shares that have not been subscribed following the offer on the Italian Stock Exchange of the unexercised rights, up to an amount of 5 billion euros.UBS also acted as financial advisor and MPS Capital Services acted as co-financial advisor.  Full Article

Banca Monte dei Paschi di Siena SpA and other shareholders reach completed sale of 59.3 pct of SIA's share capital
Wednesday, 28 May 2014 04:10pm EDT 

Banca Monte dei Paschi di Siena SpA:Says Banca Monte dei Paschi di Siena, together with UniCredit, Intesa SanPaolo, and BNL have closed on May 28 the sale of 59.3 pct of SIA’s share capital.Of the 59.3 pct, 28.9 pct was held by Intesa Sanpaolo Group, 20.1 pct by UniCredit, 5.8 pct by Banca Monte dei Paschi di Siena and 4.5 pct by BNL.The sale was made to Fondo Strategico Italiano, F2i SGR and Orizzonte SGR.The consideration has been determined on the basis of an equity value for the 100 pct of the share capital of SIA equal to c. 765 million euros, of which c. 100 million euros paid as dividends before closing.As a result of the transaction, FondoStrategico Italiano will hold 42.3 pct in SIA, F2i SGR 10.3 pct, and Orizzonte SGR 6.7 pct.Intesa Sanpaolo and UniCredit will retain a 4 pct stake each, while Banca Monte dei Paschi di Siena and BNL have sold their shares in full and the other existing shareholders will retain the remainder 32.7 pct of SIA’s share capital.As a result of the transaction, Banca Monte dei Paschi di Siena will post a total positive P&L impact of about 37 mln euros.  Full Article

Banca Monte dei Paschi di Siena SpA approves proposal for 5 bln euros share capital increase
Thursday, 22 May 2014 05:52am EDT 

Banca Monte dei Paschi di Siena SpA:Says the Extraordinary Shareholders' meeting approved the proposal submitted by the Board to increase the share capital by payment of a maximum amount 5 billion euros, inclusive of share premium.The share capital increase is to be executed in one or more tranches, by March 31, 2015, through the issue of ordinary shares with dividend rights to be offered to the shareholders.Says it withdraws the resolution to increase the paid share capital for a total maximum amount of 3 billion euros approved by the Extraordinary Shareholders' Meeting on Dec. 28, 2013.  Full Article

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Monte Paschi says 1 billion euro covered bond gets 1.3 billion euro orders

MILAN - Italy's Banca Monte dei Paschi di Siena said on Tuesday it had received orders worth nearly 1.3 billion euros ($1.8 billion) for a 1 billion euro 10-year covered bond.

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