ROME/MILAN, Feb 11 (Reuters) - Italy will liquidate a public real estate securitisation vehicle and pay around 1.6 billion euros ($2.07 billion) of outstanding debt under proposed legislation, two sources close to the situation said on Wednesday.
The legislation for the so-called Scip vehicle is part of a decree that faces a vote of confidence in the Senate on Wednesday. After that it will be voted on by the lower house of Parliament.
The second source said cash funds raised from Scip's first securitisation, called Scip 1, would be used to pay debt of a second securitisation, called Scip 2.
