herald

Sunday 19 August 2018

BoI not nationalised

AN overwhelming number of Bank of Ireland junior bondholders have opted to take shares in the bank, meaning the bank has avoided outright nationalisation.

The lender made an offer to bondholders aimed at making them share the burden of recapitalising the bank. Under the plan, the bank is set to raise around €2bn towards the €5.2bn it needs to meet targets set by the Central Bank.

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