Carige cleared to issue €2bn of state-backed notes

Tyler Davies

January 23, 2019 12:00 pm

Italian_government_PA_230x150_210219 — Italy, Rome - October 15, 2018.Press conference after a cabinet meeting on the Italian budget .From left Deputy Prime Minister and Labour Minister Luigi di Maio, the Italian Prime Minister Giuseppe Conte, the Italian deputy Prime Minister and Interior Minister Matteo Salvini( and Italian Economy and Finances Minister Giovanni Tria. (Credit Image: © Zucchi/Insidefoto/Ropi via ZUMA Press) | Zucchi/Insidefoto/Ropi/Zuma Press/PA Images

Banca Carige is set to raise €2bn of new funding through the sale of two government-backed senior bonds, after the Italian finance ministry gave it the go-ahead this week.

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Tyler Davies