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19 May 2009 07:01
BANK OF IRELAND TO PURCHASE OUTSTANDING SECURITIES IN A SERIES OF TENDER OFFERS
Bank of Ireland today announces that a subsidiary, BOI Capital Holdings Ltd, is to make separate tender offers relating to six Tier 1 securities with a nominal value of circa €3 billion. The indicated maximum size of the tenders is a nominal of approximately €1.4 billion.
The securities currently trade at significant discounts to their nominal values. The transaction is expected to be equity accretive. The final result will depend on the final price paid for the individual securities and the volume of securities offered through the tender process.
For further detail on the tender offers, including the restrictions on participation in the offers please see the applicable offer to purchase documents.
Contact Details:
Brian Kealy (Head of Capital Management) Ph. +353 1 6043537
Colin Reddy (Capital Management) Ph. +353 1 6043526
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