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Irish banks: a classic turnaround tale… and opportunity

In April, with little fanfare, AIB (Allied Irish Bank) became the first Irish bank to issue a 10-year dollar senior benchmark bond.It was popular with investors: the bank borrowed $1 billion with orders of $7 billion. It was priced at 160bps over Treasuries – a similar level at which we ...

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Columbia Threadneedle Investments

Irish banks: a classic turnaround tale… and opportunity

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Columbia Threadneedle Investments

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