Paschi Is Within Weeks of Debt Swap Decision to Ease Stock Hit

  • Bank may include FRESH bonds while excluding retail securities
  • Advisers to seek new investors after business plan is decided

Banca Monte dei Paschi di Siena SpA is studying the size of a probable voluntary debt-for-equity offer to cut back a 5 billion-euro ($5.7 billion) stock sale envisaged in the bank’s current turnaround plan, according to people with knowledge of the discussions.

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