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Tuff-Stuff

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Tuff-Stuff

Re: Tuff-Stuff post# 351510

Thursday, 12/09/2010 9:12:36 AM

Thursday, December 09, 2010 9:12:36 AM

Post# of 648882
9:11 AM Bank of Ireland (IRE +8.9) has proposed paying subordinated bondholders roughly 50% of face value for €1.5B in debt they hold. Paying just €750M to erase €1.5B in debt would translate into a €750M equity gain for BofI, which needs to raise $2,2B of equity by the end of February. BofI shares are up 80% in the last week. [Global]

Your World Is As BIG as You Make It!!!

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