Monte Paschi Taps Bondholders for Swap as Rescue Deadline Nears

Banca Monte dei Paschi di Siena SpA is offering stock to holders of 4.3 billion euros ($4.6 billion) of bonds, a key piece in the plan to raise funds from investors and turn around the ailing Italian lender.

Source: Monte Paschi Taps Bondholders for Swap as Rescue Deadline Nears

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