22nd Mar 2010 17:01
|
For Immediate Release |
22nd March 2010 |
AIB - Exchange of Outstanding Securities by Exchange Offers
Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] today announces that it has accepted offers to exchange six series of Euro, Sterling and US Dollar denominated Lower Tier 2 securities for the equivalent of circa € 1,765m of new Lower Tier 2 capital qualifying securities (comprised of three series of c. € 419m, c. £1,096m and c. $ 177 m) to be issued on 29th March 2010. The face value of the securities received in the exchange is approximately € 2,210m. The securities will be exchanged for between 74% and 91% of their face value in line with the previously announced exchange prices.
The equity accretion for AIB Group arising from the exchange offers is expected to be circa €445m.
-ENDS-
For further information please contact:-
|
Alan Kelly |
Catherine Burke |
|
General Manager, Corporate Services |
Head of Corporate Relations and Communications |
|
AIB Group |
AIB Group |
|
Dublin |
Dublin |
|
Tel: +353-1-6412162 |
Tel: +353-1-6413894 |
|
email: [email protected] |
email: [email protected] |
Related Shares:
ALBK.L