AIB prepares for repayment
The taxpayer currently owns 99.8 per cent of AIB’s shares
AIB will begin the process of restructuring its capital base in order to make its first repayment of the €20.8 billion it received after the financial crash in 2008.
The first payment will be in the amount of €1.7 billion, while the state will receive another €1.6 billion when bonds known as contingent capital notes (CoCos) mature on July 26 next year.
The taxpayer currently owns 99.8 per cent of AIB’s shares. Minister for Finance Michael Noonan...
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