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AIB: Tender Offer, 81% Acceptance. Similar Deals Expected.

FINANCIALS

Allied Irish (AIB: A3 pos/BBB) tender offer results – 81% acceptance rate and improves AIB’s funding costs marginally. This follows a really strong run for the equity (+32% YTD, SX7P +14%) as Irish banks continue their renaissance. We’d be unsurprised to see more of these kinds of deals.


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Allied Irish (AIB: A3 pos/BBB) tender offer results – 81% acceptance rate and improves AIB’s funding costs marginally. This follows a really strong run for the equity (+32% YTD, SX7P +14%) as Irish banks continue their renaissance. We’d be unsurprised to see more of these kinds of deals.


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