Banca Monte dei Paschi di Siena priced its Italian RMBS deal, a rarity among a primarily U.K.- and Dutch-dominated European RMBS market.

The deal priced its €595 million A1 class with a 1.58-year weighted average life at 115 basis points and its €4oo million A2 class with a three- to 3.5-year weighted average life at 150 basis points, according to market reports. The A3, B and C classes were not offered to investors.

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