Zorba
Bos 4 Mod
AIb (importante)
Reuters) - An appeal against Irish government attempts to impose losses on bondholders in Allied Irish Banks (ALBK.I) only applies to two of 18 subordinated bond issues, Ireland's High Court ruled on Thursday.
Dublin is hoping to cut around 5 billion euros from a 70 billion euro bill for bailing out its banking sector by imposing losses on junior bonds in Allied Irish (AIB), Bank of Ireland , Irish Life & Permanent and EBS Building Society [EBSBS.UL].
New York based investment firm Aurelius Capital Management asked the judge to overturn an April 14 subordinated liability order imposing haircuts of up between 75-90 percent on 18 issues even though the firm holds bonds in just two of the 18.
"The court is satisfied that what the court has before it is an application that is limited to amending the order regarding the bonds 4 and 5 of the Category A list only," Justice John Cooke told the court.
Attenzione: lo SLO da oggi è efficace per tutte le emissioni, tranne che per XS0435953186 e XS0435957682. Solo per queste ultime due emissioni, il contenzioso prosegue in tribunale: tutte le altre non pagheranno più interessi e avranno scadenza al 2035.
Reuters) - An appeal against Irish government attempts to impose losses on bondholders in Allied Irish Banks (ALBK.I) only applies to two of 18 subordinated bond issues, Ireland's High Court ruled on Thursday.
Dublin is hoping to cut around 5 billion euros from a 70 billion euro bill for bailing out its banking sector by imposing losses on junior bonds in Allied Irish (AIB), Bank of Ireland , Irish Life & Permanent and EBS Building Society [EBSBS.UL].
New York based investment firm Aurelius Capital Management asked the judge to overturn an April 14 subordinated liability order imposing haircuts of up between 75-90 percent on 18 issues even though the firm holds bonds in just two of the 18.
"The court is satisfied that what the court has before it is an application that is limited to amending the order regarding the bonds 4 and 5 of the Category A list only," Justice John Cooke told the court.
Attenzione: lo SLO da oggi è efficace per tutte le emissioni, tranne che per XS0435953186 e XS0435957682. Solo per queste ultime due emissioni, il contenzioso prosegue in tribunale: tutte le altre non pagheranno più interessi e avranno scadenza al 2035.