Advertisement

Dept of Finance to sell up to €1BN of its holding in Bank of Ireland

Two years ago, the government injected money into the bank in what is called a contingent capital...
Newstalk
Newstalk

08.39 9 Jan 2013


Share this article


Dept of Finance to sell up to...

Dept of Finance to sell up to €1BN of its holding in Bank of Ireland

Newstalk
Newstalk

08.39 9 Jan 2013


Share this article


Two years ago, the government injected money into the bank in what is called a contingent capital bond – money that could be used if the bank's reserves fell below a certain level.

But the bank and Department say this morning that international investors have expressed interest in buying out this bond.

Part of the interest is coming from investors who bought into the bank last year.

Advertisement

It's thought the government may sell a minimum of €500 million and up to a full billion euro worth of its stake.

Our Business Editor Ian Guider has been looking at the figures:


Share this article


Read more about

News

Most Popular