MPS early bond redemption to repay €500M notes a year ahead of schedule

Banca Monte dei Paschi di Siena is set to pay back a major chunk of its debt well ahead of schedule. In an official note dated August 18, 2026, MPS confirmed it will move forward with an MPS early bond redemption on September 5, exercising its option to fully repay a EUR 500 million senior note more than a year before it was originally due to mature.

Key takeaways

• MPS will fully redeem its EUR 500,000,000 Fixed to Floating Rate Callable Senior Notes on September 5, 2026.
• The bond was originally due to mature on September 5, 2027, meaning the bank is retiring it a full year early.
• The Single Resolution Board authorized the operation before MPS could proceed.
• The notes were fully subscribed by institutional investors, who will be repaid at par plus accrued interest.
• MPS says the move is consistent with its broader funding plan.

MPS to Exercise Early Redemption of Senior Bond

MPS is stepping back into debt management headlines with a decision to close out a senior bond well before its scheduled expiry. The bank confirmed it will exercise the option for full early redemption on September 5, cutting short the life of an instrument that was not due to mature until the same date in 2027.

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