Banca Monte dei Paschi di Siena SpA (BMPS.MI)
22 Dec 2016
* Said on Thursday that it submitted settlement to terminate the contract with MPS International Sp. z o.o. with effect on July 31, 2017
* Italy market watchdog Consob chairman says better to keep bank listed on the stock exchange after nationalisation if market float is enough
MILAN Italy's Banca Monte dei Paschi di Siena , which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on Friday.
ROME, Nov 25 A 5 billion euro ($5.3 billion) recapitalisation plan to keep Banca Monte dei Paschi di Siena (MPS) in business will work, Italian Economy Minister Pier Carlo Padoan said on Friday.
BRIEF-Cerved Information Solutions: Cerved Group signs EUR 100 mln incremental financing to fund acquisition of NPLs servicing platform of BMPS
* Said on Thursday its subsidiary Cerved Group SpA signed an agreement for an incremental facility for 100 million euros with a consortium of banks composed of BNP Paribas SA - Italian Branch, Intesa Sanpaolo SpA, Mediobanca - Banca di Credito Finanziario SpA and Unicredit SpA
MILAN, Nov 25 Italy's Banca Monte dei Paschi di Siena said on Friday it has set the maximum price for new shares of a planned debt-to-equity swap at 24.90 euros per share.
* Reverse stock split could be carried out from Nov. 28 if approved at Thursday's shareholder meeting Further company coverage: (Reporting by Milan Newsroom)
MILAN, Nov 23 Banca Monte dei Paschi di Siena expects the outcome of a European Central Bank inspection of its loan book in the first half of next year after a multi-billion euro capital raising in coming weeks meant to keep the Italian lender afloat.
(The following statement was released by the rating agency) MILAN/LONDON, November 22 (Fitch) Fitch Ratings has maintained Banca Monte dei Paschi di Siena's (MPS) 'B-' Long-Term Issuer Default Rating (IDR) on Rating Watch Evolving (RWE) and downgraded the bank's Viability Rating (VR) to 'c' from 'ccc'. The VR is removed from RWE. The rating actions follow MPS's offer to buy back from retail and institutional investors certain of its outstanding subordinated and junior notes. Fitch has also
SIENA, Italy, Nov 21 Banca Monte dei Paschi di Siena is becoming more confident it will reach the necessary quorum at a Nov. 24 shareholder meeting called to approve a rescue scheme aimed at averting the Italian bank being wound down, a board member said on Monday.