MILAN (Reuters) - Banca Monte dei Paschi di Siena said on Friday it had signed an underwriting agreement with a pool of banks to subscribe to the lender's planned 3-billion-euro rights issue.
On Thursday the Italian bank priced the cash call at a big discount as it seeks to plug a capital shortfall unveiled by a Europe-wide health check of the sector.
The banks agreed to guarantee, severally but not jointly, the subscription of any shares not taken up in the issue after the offer of any unexercised rights, Monte Paschi said.
AXA Group
(Reporting by Stephen Jewkes)
