Anglo Irish to buy back subordinated debt at discount
DUBLIN | Wed Oct 20, 2010 7:35am EDT
DUBLIN Oct 20 (Reuters) - Nationalised lender Anglo Irish Bank [ANGIB.UL] will buy back its subordinated debt at a big discount, Finance Minister Brian Lenihan said on Wednesday.
"I understand that the management at Anglo will be carrying out an exercise to repurchase the debt at a very substantial discount," Lenihan told parliament.
(Reporting by Carmel Crimmins)
http://www.reuters.com/article/idUSWLA585320101020
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