Banca Monte dei Paschi di Sienna’s bonds are down over 5%. Its longer dated 2030s are down over 5 points. Il Sole 24 Ore reports that advisers working on the plan to sell the lender may be preparing for a deal that includes more than one buyer. UniCredit may be wary of buying the entire bank they said, and would prefer to be one of several buyers with Banco BPM, BPER and Poste Italiane named as other interested entities. Similarly, Italy’s MF newspaper also said that Banco BPM may consider looking at Banca Monte’s assets.
Banca Monte’s Bonds Fall ~5%
