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)
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
(Reporting by Giuseppe Fonte, writing by Valentina Za; editing by Agnieszka Flak)