The extraordinary meeting of Mps has closed which, at the culmination of a very long and dramatic day, granted the go-ahead to the delegation to the Board of Directors for a capital increase that can guarantee the coverage of public aid, or the Monti bond, granted by the Government.
The granting of the proxy by the assembly was a fundamental step for the bank to be able to issue the bonds, which will then be subscribed by the state. Specifically, the delegation provides for a capital increase for the total amount of 6,5 billion euros. 4,5 of these will be used exclusively for the conversion of Monti bonds, the other 2 for the payment of interest accrued on the issues in the first 5 years.
