Davy aiming to refinance its €140m debts

The country's biggest stockbroking firm, Davy Stockbrokers, expects to refinance its €140 million worth of debts held by the Irish Bank Resolution Corporation.

24th February, 2013

The country's biggest stockbroking firm, Davy Stockbrokers, expects to refinance its €140 million worth of debts held by the Irish Bank Resolution Corporation (IBRC), to prevent its loans being transferred to the National Asset Management Agency (Nama).

Davy has already been in discussions with both Bank of Ireland and AIB, among other banks, to refinance its debts, which are fully performing.

The IBRC liquidation brings forward a refinancing that would have arisen in 12 months'...

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