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Prospect News home > News index > List of issuers I > Headlines for IBRC Mortgage Bank > News item
Published on 12/21/2011 in the Prospect News Liability Management Daily.

IBRC buys back €1 billion of commercial mortgage-covered securities

By Tali David

Minneapolis, Dec. 21 - IBRC Mortgage Bank repurchased €1 billion of its floating-rate commercial mortgage-covered securities, according to filings with the London Stock Exchange.

The bank bought back €600 million of its series 8 securities due May 28, 2015 and €400 million of its series 6 securities due Feb. 25, 2013 on Dec. 21.

The purchased securities were canceled.

IBRC is based in Dublin.


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