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Published on 4/1/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Anglo Irish Asset repurchases €1.2 billion and £350 million of notes

By Toni Weeks

San Diego, April 1 - Anglo Irish Asset Finance plc repurchased €1.2 billion and £350 million of notes from three series, according to a filing with the London Stock Exchange.

The company said that on March 30 it repurchased €600 million of its variable-rate notes due Sept. 30, 2034, €600 million of its floating-rate subordinated notes due Sept. 29, 2036 and £350 million of its floating-rate subordinated notes due June 1, 2037.

The outstanding balance for all three series is now zero.

Anglo Irish Asset's parent company, Anglo Irish Bank, is based in Dublin and operates a chain of banks and financial services centers.


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