Italy's Carige issues €2 billion in state-backed bonds

Italy's Carige said on Friday it had issued €2 billion (£1.7 billion) in state-guaranteed debt after the Rome government approved the emergency liquidity measure earlier this month to prop up the ailing bank.Italy rushed to set up a €1.3 billion fund to support Carige after the European Central Bank put the bank under temporary administration on Jan. 2 following a failed attempt to raise new capital from investors.Carige said it had issued two bonds worth 1 billion euros each.