Bondholders seek to get written-off millions back

A number of bondholders seeking to have millions of euro restored to the value of their Irish bank bonds following the Assenagon ruling in the UK have begun contacting Finance Minister Michael Noonan.

A spokesperson for the Department of Finance confirmed Mr Noonan had been copied in on correspondence from a number of bondholders who hope to use the ruling to reverse the billion-euro haircut the Government imposed on bondholders.

“The minister has been copied on a small number of communications which have been sent by bondholders to the respective institutions,” said the spokesperson.