Monte Paschi Considering Voluntary Debt Swap in Capital PlanBy
Italian lender has canvassed investors; terms under review
Bank’s board to approve its capital plan on October 24
Banca Monte dei Paschi di Siena SpA said it’s studying a voluntary debt-for-equity swap after canvassing investors, signaling it may cut back the amount of stock the Italian bank would need to sell to bolster its finances in a turnaround plan.
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