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8 months ago
BRIEF-Monte dei Paschi shares end up 17.5 pct in second day of debt swap
November 29, 2016 / 4:55 PM / 8 months ago

BRIEF-Monte dei Paschi shares end up 17.5 pct in second day of debt swap

1 Min Read

Nov 29 (Reuters) - Banca Monte dei Paschi di Siena:

* Shares in lender end up 17.5 percent in the second day of its debt-to-equity swap offer

* Italian banking index gains 4 percent at the end of the session

* Sources said the European Central Bank is ready to temporarily step up the purchase of Italian government bonds if the result of a crucial referendum on Sunday sharply drives up borrowing costs for the euro zone's largest debtor. Further company coverage: (Reporting by Milan newsroom)

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