Banca Monte dei Paschi di Siena An 8% coupon is expensive for the world’s oldest bank

Banca Monte dei Paschi di Siena SpA took another big step in its long path to redemption last week by selling subordinated debt for the second time in six months. 

 An 8% coupon is expensive for the world’s oldest bank, but it can hardly complain given its years of troubles.

 Bloomberg 20 Januaruy 2020

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