Bank of Ireland has reached a conditional agreement to conduct a securities repurchase transaction whereby the Bank will purchase long term Irish Government bonds from IBRC for a purchase price of approximately €3.06bn in cash.
Minister for Finance Michael Noonan told the Dáil that as part of the deal with the European Central Bank(http://www.businesspost.ie/#!story/Home/News/Deal+on+promissory+notes+agreed+Noonan+tells+D%C3%A1il/id/19410615-5218-4f74-759c-092af7944371) to defer the almost €3.1 billion payment due to be paid this weekend as part of the banking promissory notes,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team