Bondholder-friendly terms on AIB liability management
Allied Irish Banks this week announced the terms of its liability management exercise, in which it plans to buy its subordinated debt at a deep discount to par. Despite that deep discount, the terms were not as bad as the market had feared and bondholder take-up is likely to be high.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: