Bloomberg News

Bank of Ireland Sells EU5 Billion Loans at 9% Discount to Par

October 14, 2011

Oct. 14 (Bloomberg) -- Bank of Ireland Plc’s agreed sale of about 5 billion euros of loans averaged at a 9 percent discount to par value, a company spokeswoman said by phone.

The bank said in a statement today that the sale of the loans, including U.S. and U.K. commercial real-estate loans, will have a “neutral” impact on its core tier 1 capital ratio.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Louisa Fahy at lnesbitt@bloomberg.net


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