BREAKING NEWS
This content is not available in your region

Italy's Carige seeks state guarantee for two billion euros of bonds

Italy's Carige seeks state guarantee for two billion euros of bonds
FILE PHOTO: he logo of Carige bank is seen in Rome, Italy, April 9 2016. REUTERS/Alessandro Bianchi/File Photo   -   Copyright  Alessandro Bianchi(Reuters)
Text size Aa Aa

MILAN (Reuters) – Troubled Italian lender Banca Carige <CRGI.MI> said on Friday it had asked the treasury to tap a state guarantee scheme to issue two bonds worth 2 billion euros (£1.7 billion) in total.

The notes will have a 12- and 18-month maturity respectively and will be issued as soon as technical requirements have been completed, the bank said.

The lender could ask to use the state guarantee for a further 1 billion euro issue.

(Reporting by Francesca Landini)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.