Italian bank Banca Monte dei Paschi di Siena (Banca MPS), currently marketing a new Italian RMBS, has also brought to market a €1.5 billion ($2.08 billion) sale and lease backed deal, according to published reports.

The offering is a securitization of rental income derived from 683 bank branches and offices in Italy. These real estate assets are let to Banca MPS and its subsidiaries until July 2033.

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