AIB prepares for repayment

The taxpayer currently owns 99.8 per cent of AIB’s shares

8th November, 2015
AIB will make a repayment of €1.7 billion

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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