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7 months ago
CORRECTED-BRIEF-Monte dei Paschi capital hike from debt swap set to be maximum of 2.069 bln euros
December 22, 2016 / 6:27 AM / 7 months ago

CORRECTED-BRIEF-Monte dei Paschi capital hike from debt swap set to be maximum of 2.069 bln euros

1 Min Read

(makes clear in headline and second bullet that 2.069 bln euro expected capital hike comes from debt swap)

Dec 22 (Reuters) - Italy's Banca Monte Dei Paschi Di Siena says:

* Updated value of the debt swap offer is total of 2.451 billion euros ($2.56 billion)

* Capital increase from debt-swap offer is expected to be a maximum of 2.069 billion euros

* Debt-swap offer to retail investors equal to 1.066 billion euros, to institutional investors equal to 1.385 billion euros

* All results updated as of 2100 GMT of Dec. 21 Source text for Eikon: Further company coverage: ($1 = 0.9587 euros) (Reporting by Milan newsroom)

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