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MPS confirms bond conversion of over 1 bn

Bank releases statement overnight

Redazione Ansa

(ANSA) - Milan, December 6 - 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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