Anglo Irish Bank Corp. offered to exchange 1.6 billion euros ($2.2 billion) of subordinated debt at a discount, paying in new bonds at a rate of 20 cents on the euro as the nationalized lender seeks to generate capital.
Anglo Irish will ask bondholders that don’t take up the exchange offer to accept just 1 cent per 1,000-euro face amount to redeem their floating-rate notes due 2014, 2016 and 2017, the Dublin-based lender said in a statement today.
The new securities will be due 2011 and guaranteed by the government, according to the statement.
Veröffentlichung der Regierung:
http://www.investegate.co.uk/Article.aspx?id=201010211528467992U
