Milan, 11 dec. – The Monte dei Paschi di Siena breaks the delay and by the Board of directors comes the reopening of the conversion of bonds in shares in Mps, this time accessible also to the bondholders retail, or an audience of almost 40 thousand savers, who in 2008 signed the bond by more than 2 billion euro, and the servants’ to fund the acquisition of Antonveneta. The operation, according to what is learned, and can be as Consob does not impede the direct call of the 40 thousand investors would have the possibility to convert the bond at par value, negating the losses that would let themselves be entered in the case of forced conversion in the event of the bankruptcy of the increase of private capital and the consequent recourse to public intervention. With the reopening of the Lme and the possibility for savers to participate, the bank hopes to collect between 1 and 2 billion euros, which together with the billion already collected with the con version of the institutional terminated last December 2, and to the billion which would bring the sovereign wealth fund of Qatar (Qia), would reduce to 1-2 billion, the amount to be recovered on the market, this time without the consortium of guarantee of the banks, but with the current consultants, and advisors of the institute that you accollerebbero the role of placing the shares on the open market, without so to have the burden of shouldering any un-opted shares. This may be completed by the end of the year, avoiding the intervention of the State and respecting the agreements concluded with the european central Bank. .
(11 December 2016)
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