MILAN Feb 8 Italy's biggest bank by assets is
upbeat about a record 13 billion-euro ($13.91 billion) share
sale launched this week, the bank's head of strategy said on
The cash call, the biggest in Europe since 2010, is seen as
a key test of investor confidence in Italy's battered banking
sector, coming just weeks after Monte dei Paschi di Siena
had to be rescued by the state.
The share issue kicked off against a shaky backdrop on
Monday, when banking shares were hit by a spike in the spread
between Italian and German 10-year government bonds.
"If you look at the last two days, the market prices are
very good. We are serene," Marina Natale told reporters.
($1 = 0.9344 euros)
(Reporting by Gianluca Semeraro, writing by Silvia Aloisi;
editing by Agnieszka Flak)