Troubled Tuscan lender Monte dei
Paschi di Siena (MPS) on Tuesday confirmed it has received over
one billion euros in voluntary conversions of subordinate bonds.
In a statement released overnight, Italy's third biggest bank
said it netted a total of 1.028 billion euros.
The bank on December 2 published preliminary data on the
scheme, a major plank of a five-billion-euro fundraising aimed
at ensuring the survival of the Siena-based bank.
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