Banca Monte dei Paschi di Siena should be pricing its sale-and-leaseback CMBS deal next week, according to a Reuters report.
The Class A of €1.54 billion ($1.9 billion), was sold to the Italian bank's retail investors and has now closed. The €130 million Class B, which has been marketed to institutional investors, will close on Friday. The bonds are being placed by MPS Capital Services, Reuters reported.
The transaction securitizes the rental income from 683 bank branches and offices in Italy, according to a Fitch Ratings ratings presale report.