Reuters logo
BRIEF-Carige to use most of 1 bln euro capital boost for clean-up-CFO
September 14, 2017 / 10:09 AM / 6 days ago

BRIEF-Carige to use most of 1 bln euro capital boost for clean-up-CFO

Sept 14 (Reuters) - Banca Carige CFO Andrea Soro says:

* Debt conversion offer will target 510 million euro in subordinated bonds

* Goal of generating 400 million euros from debt swap and asset sales “achievable despite being challenging”

* Capital strengthening of around 1 billion euros will be used mostly to offset hit from balance sheet clean up in 2017-2018 Further company coverage: (Reporting by Milan Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below