# Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-11
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Monte dei Paschi di Siena to Sign $2.4B Share Issue Deal with Banks
Meta Description: Don't miss out on the latest news as Monte dei Paschi di Siena prepares to finalize a crucial deal with banks for its new share issue worth 2.5 billion
URL: https://financedigest.com/monte-dei-paschi-to-have-underwriting-consortium-for-share-sale-by-tuesday-sourcehtml

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ROME (Reuters) – Monte dei Paschi di Siena will be able to sign by Tuesday a contract with a group of banks which are due to underwrite its up to 2.5 billion euro ($2.4 billion) new share issue, a source with knowledge of the matter said.

The bank has called a board meeting on Tuesday to approve the terms of the rights issue, another source previously said, and needs to have a guarantee contract signed with banks by then. ($1 = 1.0321 euros)

(Reporting by Giuseppe Fonte, writing by Valentina Za; editing by Agnieszka Flak)


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