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Thread: We have just offered Anglo subdebt holders €0.20 per Euro -

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    Default We have just offered Anglo subdebt holders €0.20 per Euro -

    breaking..............

  2. #2

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    One time offer.....if not accepted we will unilaterally insert clause in contracts offered fixed price of €0.01 per €1,000 face value........

  3. #3
    Politics.ie Member HarshBuzz's Avatar
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    it's trading at about that anyway so hardly earth-shattering
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by ChickenBiryani View Post
    One time offer.....if not accepted we will unilaterally insert clause in contracts offered fixed price of €0.01 per €1,000 face value........


    seriously?
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member Sync's Avatar
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    Anglo Irish Offers Exchange of 2014, 2016, 2017 Notes for New 2011 Bonds - Bloomberg

    Anglo Irish Bank Corp. offered to exchange 1.6 billion euros ($2.2 billion) of subordinated debt at a discount, paying in new bonds at a rate of 20 cents on the euro as the nationalized lender seeks to generate capital.

    Anglo Irish will ask bondholders that don’t take up the exchange offer to accept just 1 cent per 1,000-euro face amount to redeem their floating-rate notes due 2014, 2016 and 2017, the Dublin-based lender said in a statement today.
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    deleted as a precautionary measure due to disclaimer
    Last edited by ChickenBiryani; 21st October 2010 at 05:17 PM.

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    Great deal for the sub debt holders.

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    Politics.ie Member HarshBuzz's Avatar
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    thanks Chicken
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member Chrisco's Avatar
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    Is this what is driving up the yield on our sovereign debt today?

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    Quote Originally Posted by ChickenBiryani View Post
    Anglo Irish Bank Corp Ltd
    21 October 2010

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS
    IN THE UNITED STATES OR THE REPUBLIC OF ITALY OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

    This Site is hosted in the US afaik ... does that matter?

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