IFLR1000

Banca Monte dei Paschi di Siena €26 billion NPL securitisation

11/1/2018
Securitisation
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€ 26 billion

$ 28.789 billion

Announced

11/1/2018

Overview:

  • Banca Monte del Paschi di Siena has undertaken a securtisation of its non performing portfolio worth €26 billion.
  • Italian Recovery Fund acquired 95% of the mezzanine tranche for €805 million.

Rajeeb Gurung - Researcher

Jurisdiction:

Italy

Deal type:

Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Banking

Firms:
Bonelli Erede Lombardi Pappalardo

Party: Banca Monte dei Paschi di Siena (Originator)

Clifford Chance

Party: Credito Fondiario (Master servicer)

Lawyer: Tanja Svetina

Legance

Party: Italian Recovery Fund (Acquirer)

Lawyer: Andrea Giannelli

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