Investors rejoice as Anglo repays $1bn senior bond — but taxpayers unhappy

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Investors rejoice as Anglo repays $1bn senior bond — but taxpayers unhappy

Holders of Anglo Irish Bank’s senior debt are set for a windfall after the Irish government sanctioned the repayment at par of a $1bn bond coming due on Wednesday November 2. While many market participants said the decision was positive for senior bondholders, the Irish government faced criticism over its handling of the repayment.

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