Bailout Bank Monte Dei Paschi Sub Deal Three Times Over-Subscribed As Euro Hits 3-Year High
January 12, 2018 at 07:54 AM EST
Monte dei Paschi’s debt offering symbolizes the euphoria because it is a subordinated debt deal, meaning investors will not have first-right claims on the bank’s assets if anything goes wrong. Yet this deal was three times oversubscribed.
