BoI to buy back government warrants

Bank of Ireland is expected to unveil a €3.4 billion fundraising programme tomorrow morning, as part of which it will buy back warrants which would have allowed the government to increase its stake in the bank further in future years.

24th April, 2010

Bank of Ireland is expected to unveil a €3.4 billion fundraising programme tomorrow morning, as part of which it will buy back warrants which would have allowed the government to increase its stake in the bank further in future years.

The government already holds almost 16 per cent of the bank and will end up with about 35 per cent of Bank of Ireland following the fundraising.

However, buying back the warrants attached to the preference shares...

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