MPS pins hopes on high take-up in debt-for-equity swap
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MPS pins hopes on high take-up in debt-for-equity swap

Italy

Banca Monte dei Paschi di Siena laid out the terms of an offer to retail bondholders to swap their subordinated debt for equity this week. High participation in the liability management exercise is essential if the bank is to complete a planned €5bn capital increase and avoid being placed in resolution.

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