Major AIB debt sale by end of year

15th July, 2018

AIB is planning to move ahead with its next mega-loan sale, Project Beech, before the end of the year, sources close to the process have told The Sunday Business Post.

The bank, which sold €1.1 billion in bad debts to a consortium led by US vulture fund Cerberus earlier this year, is said to be examining the potential scope and scale of the successor toxic debt purge.

As has been the case with all AIB’s...

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