Bank of Ireland vexes investors with hasty bond exchange
Bailed-out Bank of Ireland is railroading bondholders into agreeing an exchange offer before the country’s new legislation on burden-sharing for subordinated debt is unveiled, investors charged this week.
Investors have until next Thursday, December 16, to respond to the banks new liability management exercise. The proposed law could emerge next Tuesday, though Irelands minister of finance Brian Lenihan has said only that it will be submitted to the Oireachtas "next week".
"Investors are being asked to
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