Irish Bank Resolution Corporation (IBRC) junior bondholders will receive up to €40 million in interest on top of the €270 million face value of the bonds. This will bring their total windfall to over €300 million, yielding handsome returns for some investors.
Among the winners who acquired the bonds at significant discounts to their face values are at least two multibillion-euro international funds, Anchorage Capital and Elliott Management. Between six and eight Dublin-based stockbrokers also...
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