Italy’s Oldest Bank Monte Paschi “Bails-In” Bondholders to Tune of $650 Million!

by on Sep.24, 2013, under bail-in, Headlines, LTRO, Monte Paschi, The Doc

ECB-Bail-inDIESELBOOM’s template has just struck again, as Italy’s oldest bank Monte Paschi has just announced it will halt all coupon payments on Tier 1 bondholders, effectively bailing in $650 million in bondholders notes to recapitalize the bank!

Click here for more on the Monte Paschi bondholder bail-in:

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