Paschi Said to Plan Debt-Swap Deadline Before Italian Poll

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  • Bank aims to clear path for share sale after vote, people say
  • Troubled lender working to raise 5 billion euros of capital

Banca Monte dei Paschi di Siena SpA intends to rush through provisional bondholder agreements in a debt-for-equity swap before Italy’s Dec. 4 referendum so that a recapitalization plan doesn’t become mired in potential market volatility, according to people with knowledge of the matter.

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