WASHINGTON / WAM The World Bank expects the UAE economy to grow by 5% in …
Read More »Paschi gets approval to extend bond swap offer
Bloomberg Banca Monte dei Paschi di Siena SpA received regulatory approval to extend and expand a debt-for-equity swap in a last-ditch effort to raise 5 billion euros ($5.2 billion) privately and avoid a state rescue. The exchange offer will involve about 4.5 billion euros of Tier 1 and Tier 2 securities and will run until 2 p.m. on December …
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