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 offer bondholders that don’t take up the exchange 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.
indeed. we have an impulsive decline in the stock market right now. let's see where it goes
ReplyDeleteAnglo 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.
ReplyDeleteAnglo Irish will offer bondholders that don’t take up the exchange 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.