Government approves $1bn Anglo repayment

The Government gave the go-ahead for a $1 billion repayment to holders of dollar-denominated Anglo Irish Bank debt at full value, the Financial Times reported.

1st November, 2011
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The Government gave the go-ahead for a $1 billion repayment to holders of dollar-denominated Anglo Irish Bank debt at full value, the Financial Times reported.

The opposition has criticised the decision on the ground that it breaks an election pledge to impose losses on bank bondholders to reduce Ireland’s debt, the newspaper said.

Anglo Irish and Irish Nationwide Building Society are being wound up and a further €2.7 billion of senior, unguaranteed, unsecured bonds...

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