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Italy market watchdog approves Monte Paschi reopening of debt swap offer
December 15, 2016 / 10:52 PM / 10 months ago

Italy market watchdog approves Monte Paschi reopening of debt swap offer

ROME, Dec 15 (Reuters) - Italy’s market watchdog Consob has approved the reopening of a debt swap offer by Italian bank Monte dei Paschi di Siena, a crucial plank of a last-ditch attempt by the lender to raise 5 billion euros ($5.2 billion), a source close to the matter said on Thursday.

The watchdog is expected to give the green-light to the bank’s share issue on Friday, the source said. ($1 = 0.9599 euros) (Reporting by Stefano Bernabei, writing by Silvia Aloisi)

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