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BRIEF-Monte dei Paschi negotiating commitment with anchor investors - CFO
November 29, 2016 / 6:10 PM / 10 months ago

BRIEF-Monte dei Paschi negotiating commitment with anchor investors - CFO

Nov 29 (Reuters) - Banca Monte dei Paschi di Siena CFO Francesco Mele tells a conference call:

* Bank is negotiating a commitment with anchor investors, “as we speak”

* Bank is not in a position to extend debt swap offer beyond Friday

* ECB approval for share sale lasts until year-end

* Next week will have more information on anchor investor

* Bank will see after referendum if there are conditions to start underwriting

* Commitment with anchor investor likely end of this week or over the weekend

* If the bank secures a good anchor commitment by Monday it should be able to complete the transaction successfully

* If there is not an anchor commitment then the process will not be continued and bonds will be returned Further company coverage: (Reporting by Milan newsroom)

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