The High Court has struck out a case by a junior bondholder opposing burden-sharing at AIB.

A challenge by junior bondholders to burden-sharing at AIB is to start before the High Court today.

AN investment firm representing some subordinated bondholders in AIB is expected to ask the High Court today to make orders which would delay plans for a debt buyback aimed at raising up to €2 billion to meet the bank’s additional €13.3bn capital bill.

Junior bondholders at AIB are challenging an order ensuring they share some of the burden of bailing out the banks.