INBS and Anglo bondholders to take action to avoid losses

BONDHOLDERS in Irish Nationwide (INBS) and Anglo Irish Bank are set to take action to avoid incurring losses on their investments.

Reports were suggesting yesterday that international bondholders in INBS are to hold a conference call today to discuss their situation and talk about what actions they may take over any potential losses they suffer. It is understood that bondholders in Anglo are planning a similar move.

Although Finance Minister Brian Lenihan recently reiterated that the Government won’t impose losses on senior bondholders in either institution; scope for some sort of deal seemed to present itself last week.