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FILE PHOTO: A man walks in front of Monte Dei Paschi di Siena bank in downtown Milan July 23, 2010. REUTERS/Stefano Rellandini/File Photo
Headlines

Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source

ROME (Reuters) – Monte dei Paschi di Siena will be able to sign by Tuesday a contract with a group of banks which are due to underwrite its up to 2.5 billion euro ($2.4 billion) new share issue, a source with knowledge of the matter said.

The bank has called a board meeting on Tuesday to approve the terms of the rights issue, another source previously said, and needs to have a guarantee contract signed with banks by then. ($1 = 1.0321 euros)

 

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(Reporting by Giuseppe Fonte, writing by Valentina Za; editing by Agnieszka Flak)

 

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