22nd Jun 2009 07:00
Embargo 07.00 22nd June 2009
Allied Irish Banks, p.l.c. - Exchange of Outstanding Securities by Exchange Offers
Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] today announces that it and its subsidiary, AIB Capital Exchange Offering 2009 Limited, have accepted offers to exchange six series of Euro and Sterling denominated Tier 1 and Tier 2 securities for the equivalent of circa €1.3bn of new Lower Tier 2 capital qualifying securities (comprised of two series of c. €868m & c. £368m) to be issued on 25th June 2009. The face value of the securities received in the exchange is approximately €2.4bn. The securities will be exchanged for between 50% and 67% 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 €1bn.
For further details on the exchange offers please see the Exchange Offer Memorandum dated 11th June 2009.
-ENDS-
For further information please contact:
Alan Kelly Ronan Sheridan
General Manager Group Finance Corporate Relations Manager
AIB Group AIB Group
Dublin 4 Dublin 4
Tel: + 353 1 6412162 Tel: + 353 1 6414651
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