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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.
This Site is hosted in the US afaik ... does that matter?Anglo Irish Bank Corp Ltd
21 October 2010
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