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On Tuesday, the rights issue for Italy's Banca Monte dei Paschi di Siena (BMPS) closed almost fully subscribed at 99.54%. In the deal, the bank raised Eu4.092bn. Meanwhile, the board of investors of Portuguese Banco BPI this week approved the bank's Eu350m rights issue.
On the BMPS deal, the auction of the rump on the Italian stock exchange started yesterday (Thursday). Given the take-up level, it is likely that the rights will clear quickly.
"On BMPS, the Fondazione Monte...