The Minister for Finance, Mr. Michael Noonan T.D., today said:
“I welcome the announcement by AIB that in excess of 86% of the nominal amount of the 15 securities held by subordinated bondholders has been tendered in the first phase of the bank’s Liability Management Exercise (“LME”). Additionally, after the bondholder meetings this week, the nominal amount effectively tendered is likely to increase further. This high level of participation is encouraging.”
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