- Talked about for some time now, Bank of Ireland (IRE -2.6%) today moved forward with a €580M equity raise to help fund the redemption of some of the government's preferred stake in the rescued lender. The move allows the bank to sidestep a 25% increase in the amount owed on the preferred stake had it not been redeemed by the end of March.
- Ireland itself is hoping to exit its own bailout on December 15 and the successful share sale should help bolster that plan.
Bank of Ireland carries out equity raise
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| Symbol | Last Price | % Chg |
|---|---|---|
| IRE | - | - |
| The Governor and Company of the Bank of Ireland | ||