Banca Monte dei Paschi di Siena to redeem EUR 500 million bond early

Banca Monte dei Paschi di Siena (MPS) has announced it will exercise an option to perform an early redemption of a EUR 500 million senior note on September 5, 2026. This move retires the debt more than a year ahead of its original maturity date of September 5, 2027.

The instrument consists of Fixed to Floating Rate Callable Senior Notes. The redemption will be executed at par value, plus any accrued interest. The operation has received authorization from the Single Resolution Board. MPS stated that this early repayment is consistent with the bank’s broader strategic funding plan.