Mittwoch, 20. Oktober 2010

Anglo Irish to buy back subordinated debt at discount

DUBLIN, Oct 20 (Reuters) - Nationalised lender Anglo Irish Bank will buy back its subordinated debt at a big discount, Finance Minister Brian Lenihan said on Wednesday.

'I understand that the management at Anglo will be carrying out an exercise to repurchase the debt at a very substantial discount,' Lenihan told parliament.

(Reporting by Carmel Crimmins)

http://www.finanznachrichten.de/nachrichten-2010-10/18292286-anglo-irish-to-buy-back-subordinated-debt-at-discount-020.htm