Burned AIB bondholder to re-invest

New York investment banker Carlos Abadi was among the losers when AIB imploded, wiping out $6.3bn (€4.85bn) of junior bonds.

Two years later, he’s willing to buy the lender’s debt again.

The president of Abadi & Co said the restructuring of AIB, which cost taxpayers $27.6bn, has restored capital to levels acceptable to bondholders.