MILAN, March 28 Italian mid-sized lender Credito
Valtellinese said on Friday a consortium of nine banks
and brokers would underwrite its upcoming rights issue worth up
to 400 million euros ($549.6 million).
Banca Imi, Credit Suisse and Mediobanca
will lead the consortium for the cash call, which will
have to be approved by the bank's shareholders on April 12.
The rights issue would bring the lender's best-quality
capital to 10.9 percent, above a minimum threshold of 8 percent
set by the European Central Bank for euro zone lenders. Credito
Valtellinese is one of 15 Italian banks targeted by the ECB's
($1 = 0.7278 Euros)
(Reporting by Francesca Landini, editing by Isla Binnie)