BoI Coco success underscores Irish optimism — but also desperation for yield

10 Jan 2013

Bank of Ireland added weight to the country’s status as Europe’s poster-boy for recovery on Wednesday, when it completed a remarketing of the contingent capital notes it sold to the government after 2011’s bailout.

The secondary placement, that saw the government offload its investment into the public markets, came just after Ireland’s first post-bailout sovereign bond issue, and it is testament to the country’s rigorous adherence to the terms of its rescue package. But the placement’s success also owes a lot to ...

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