Saturday, April 2, 2011

This should have been the course of action

Bank of Ireland eyes €1 billion in debt-equity swap - report

"Bank of Ireland (BKIR.I) hopes to raise more than a quarter of the 4.2 billion euros (3.7 billion pounds) of capital it needs to find by June through a debt for equity swap, the Irish Independent said on Saturday without citing any sources". "The bank believes it can boost its capital by more than 1 billion euros by offering investors who hold 2.6 billion euros of junior bonds the opportunity to swap them for equity".

Posted by alan @ 05:36 PM (1867 views)
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One thought on “This should have been the course of action

  • mark wadsworth says:

    Yeah! I’ve been saying this for years, and unlike LVT it seems to implement itself as there is usually no alternative.

    Reply
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