The Mps, from the conversion of the bond, collected about one billion – The Sun 24 Hours

Is about one billion euros, a figure that, according to initial estimates, appears to have been collection with the second tranche of conversion of bonds subordinate actions, designed mainly for retail customers, within the scope of the operation to strengthen the equity of the Mps. The market operation of the Mount is now come to an end: according to sources aware of the dossier, there are no anchor investors available. The board of directors of the bank to assess the result of the operation is scheduled after the close of the stock market.

Mps Atlas is removed in the case of public intervention

In the day yesterday, it was the financial sources of the accessions had reached 300-350 million, thus leading to the € 500 million the total collected from the start of the operation. Expectations were for an additional fee of about 300 million. Overall, therefore, from the conversion of the bond are subordinated, in the hand of the retail public and the bank could get about 800 million-one billion: the amount, along with the billion already collected at the institutional, would lead to $ 1.8 billion, a maximum of 2 billion, the share of the increase to the safe.

the figure for The liability management exercise is in line with the expectations of the bank, that they had put in an account of the conversion of about 40% to 4.5 billion available as part of the conversion. But it is not sufficient to ensure that the increase with private capital to proceed on their own two legs. The output stage of the fund of Qatar, to the valley of the result of the referendum and the consequent resignation of the premier, has made me less of the investor’s pivot that he would have to put on the plate up to a billion. Without Doha, as well as other investors, of weight – such as the Paulson or Soros – have thrown in the towel. Yesterday, financial sources close to the investment banks put on the light as there was “market interest” around the operation.

Trade always intense in the meantime, on Mps to Piazza Affari, where the title gives the 8% – to 17,04 euro. With more than 2.9 million pieces, it is passed from hand to hand 10% of the capital in a session especially tight for the Institute, which is frozen multiple times by the excess of the downward, until reaching the historical minimum of 15 euros per share.

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