Friday August 14, 2020

Promissory notes: Bank of Ireland's role

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, it said in a statment.

29th March, 2012
2
Bank of Ireland shareholders must vote on the proposed deal.

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,...

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