BREAKING NEWS

BREAKING NEWS

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

Italy's Carige seeks state guarantee for two billion euros of bonds
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Alessandro Bianchi(Reuters)
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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)

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