MILAN (Reuters) – Troubled Italian lender Banca Carige said on Friday it had asked the treasury to tap a state guarantee scheme to issue two bonds worth 2 billion euros in total.
The notes will have a 12- and 18-month maturity respectively and will be issued as soon as technical requirements have been completed, the bank said.
The lender could ask to use the state guarantee for a further 1 billion euro issue.
(Reporting by Francesca Landini)