Mediobanca says UniCredit to pay coupons on CASHES instruments

MILAN (Reuters) - Mediobanca said on Tuesday it had started proceedings for Italy's biggest bank UniCredit to pay coupons on some financial instruments known as CASHES despite a decision to suspend dividend payments.In order to do that, Mediobanca said it had agreed, as per a UniCredit request, to modify the terms of the contract it has in place with UniCredit as depositary bank for the CASHES.The CASHES are convertible and subordinated hybrid equity-linked securities, worth 2.98 billion euros..