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Court decision on AIB bondholders due today

The High Court is expected to decide today whether AIB is obliged to meet an interest payment on junior bonds that are the subject of a legal challenge.

Court decision on AIB bondholders due today

Fri, 24 Jun, 2011 - 08:39

The High Court is expected to decide today whether AIB is obliged to meet an interest payment on junior bonds that are the subject of a legal challenge.

The bond is held by US based investment firm Aurelius Capital which is opposing a move by the Government to impose losses on junior bondholders at the bank.

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Courts Positive Action Place: US Organisation: AIB Organisation: High Court Organisation: Aurelius Capital Organisation: Aurelius Organisation: Citibank

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