# Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source
Published: 2022-10-11
Category: Headlines
Category URL: https://entrepreneurtribune.com/category/headlines/
Meta Title: Monte dei Paschi di Siena to Sign Contract with Banks for
Meta Description: Get the latest on Monte dei Paschi di Siena's upcoming share issue worth up to $2.4 billion with a group of banks. Stay informed and don't miss out!
URL: https://entrepreneurtribune.com/monte-dei-paschi-to-have-underwriting-consortium-for-share-sale-by-tuesday-source/

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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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