December 14, 2016 / 11:38 AM / in 7 months

Monte dei Paschi could launch new debt swap Thursday - sources

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A man makes a phone call near the entrance of the Monte dei Paschi bank headquarters in downtown Siena November 4, 2014.Giampiero Sposito

MILAN/ROME (Reuters) - Monte dei Paschi di Siena (BMPS.MI) could reopen a debt-to-equity swap offer on Thursday if its board on Wednesday opts to push ahead with a do-or-die attempt to raise 5 billion euros (4.19 billion pound) this year, two sources familiar with the matter said.

Provided market regulator Consob gives it a green light, the Tuscan bank would launch the new conversion offer on Thursday afternoon and let it run until Dec. 23.

The bank would also launch a private placement of newly issued shares next week, the sources said, in a last attempt to avoid a looming state rescue.

Reporting by Paola Arosio and Stefano Bernabei, writing by Valentina Za

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