Ireland’s government is considering options for Anglo Irish Bank Corp., including allowing the company to buy back subordinated debt, a person familiar with the situation said.
Anglo Irish, the Dublin-based lender taken over by the government last year, said as recently as Sept. 8 that the bank had sought approval from authorities to repurchase subordinated debt. Anglo Irish generated more than 1.5 bilion euros of profit from previous buybacks, said the person who declined to be identified because no final decision has been made.
The government is in talks with the European Commission on Anglo Irish, the person said.
