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Anglo Irish Bank holders tender €59 million, ¥12 billion floaters
By Angela McDaniels
Tacoma, Wash., Dec. 30 - Anglo Irish Bank Corp. Ltd. said it received tenders for €59 million of its €60 million of outstanding floating-rate covered bonds, series 3, due May 2012 and for all ¥12 billion of its floating-rate notes, series 5, due July 2012.
A tender offer for the notes began on Dec. 7 and expired on Dec. 24.
All of the tendered notes were accepted for purchase. The purchase price is par.
The company also sought noteholder consent to amend the note terms to allow the company to redeem the notes after giving at least one day's notice. The amendments were passed at noteholder meetings held on Dec. 30.
Anglo Irish plans to redeem all of the notes that were not tendered in the offer.
Settlement is expected to occur on Jan. 5.
Landesbank Baden-Württemberg (+49 711 127 78722 or syndicate@lbbw.de) was the dealer manager for the series 3 bonds, and UBS Ltd. (+44 0 20 7567 0525 or mark-t.watkins@ubs.com) was the dealer manager for the series 5 notes. Lucid Issuer Services Ltd. (+44 0 20 7704 0880 or angloirishcb@lucid-is.com) was the tender and tabulation agent.
Based in Dublin, Anglo Irish Bank operates a chain of banks and financial services centers.
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