Bank of Ireland’s July 2016 contingent convertible capital notes, or CoCos, traded as much as 4 per cent higher than the price at which the government sold the securities yesterday.
The government sold its €1 billion of Bank of Ireland CoCos at 101 per cent of par value yesterday, having received €4.8 billion of offers in the market. Finance minister Michael Noonan said yesterday he intends to sell almost €7 billion of remaining non-equity bank...
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