Unsecured senior bondholders in Irish Bank Resolution Corporation (IBRC) who still held debt in the bad bank when it was put into liquidation last month are likely to take a near-total haircut on their investments when the wind-up process is completed later this year, according to market and official sources.
Holders of the remaining €145 million of senior unsecured notes left in the institution will rank with other unsecured creditors, such as service providers or...
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