AIB could raise €2bn in buyback
Jumpy loan note titleholders among the owners of €4.1bn in subordinated debt issued by Allied Irish Bank had until Friday last to signal their intention to accept the deal. The offer was broadly in line with current values of the loan notes on secondary markets.
Initially, the bank had hoped to raise about €1.3bn, but a high uptake of the offer is expected to push the capital gain for the bank to close to €2bn.