November 14, 2016 / 11:41 PM / a year ago

BRIEF-Monte dei Paschi approves debt-to-equity swap

Nov 15 (Reuters) - Banca Monte Dei Paschi Di Siena says:

* approves voluntary debt-to-equity swap offer

* offer to target subordinated bonds for total outstanding amount of 4.289 billion euros

* also considering possibility of launching conversion into equity of 1 billion euros of Fresh 2008 bonds

* to offer between 20-100 percent of nominal value in bond swap offer

* conversion offer expected to start running by end of November Source text for Eikon: Further company coverage: (Reporting by Milan newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below