We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Italy Takes Neutral Stance on Monte Paschi
June 19, 2026
Italy’s economy minister Giancarlo Giorgetti told the parliament that the government will take a neutral stance on Banca Monte dei Paschi di Siena’s (BMPS) merger, declining to favour any particular transaction among the competing bids. The comments follow Intesa Sanpaolo’s unsolicited €30.6bn cash-and-share offer for BMPS this month, while Banco BPM separately indicated it wished to open merger talks. Giorgetti’s neutrality also marks a notable pullback from the League party’s previously stated preference for a BPM-BMPS combination. Regarding the government’s residual 5% stake in BMPS, Giorgetti said an accelerated bookbuilding would be among the best disposal options. He suggested the Treasury could sell its holding before Intesa’s bid formally launches, prioritizing maximizing returns on the state’s investment over time. Despite the neutral stance, Giorgetti did not rule out imposing conditions on any deal under golden power rules designed to protect strategic assets.
BMPS’s EUR 3.25% 2032s were stable at 99.5, yielding 3.35%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.