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Article: In Short
- Article from:
- The Irish Times
- Article date:
- September 26, 2009
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
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A round-up of today's other business news in brief Anglo raises
$1bn through bond sale Anglo Irish Bank has raised $1 billion
through the sale of a Government-backed bond to international
investors, writesUna McCaffrey. The sale, completed yesterday, was
Anglo's first US-denominated bond issue since the bank was
nationalised in January. The issue was oversubscribed, with one-
third of the investment coming from Asia. All investors in the bond
were located outside the Republic. The debt, due in 2010, was
priced at 180 basis points, or 1.8 percentage points above mid-
swaps. Anglo's issue followed AIB's successful move on Thursday to
raise [euro]1 billion in the first sale of an ...