Welcome to the July edition of our Distressed Assets e-zine. This month we bring you news and opportunities which have continued to surface over the past couple of months including the announcement of the sale of Anglo Irish Bank’s US loan book. We also continue to report on the National Asset Management Agency and speak as to its latest plans to stimulate the commercial property market. The Government has continued with the reorganisation of the Irish banking system and Allied Irish Bank and Bank of Ireland have secured a high level of participation in debt buy-back offers. We also report on the legal challenge taken by a group of Allied Irish Bank’s subordinated bond holders to an Order providing for burden sharing by junior bondholders.
We hope you find this edition of our Distressed Assets e-zine informative. For further information, please contact our Distressed Assets Group.
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