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BoI Sees 60% Demand For Rights Issue

Around 59.5% of Bank of Ireland stakeholders have subscribed to a rights issue by the bank.

    Around 59.5% ofBank of Irelandstakeholders have subscribed to a rights issue by the bank,The Wall Street Journalreports. The lender was looking to raise €1.91 billion from shareholders and €1.1 billion from outside investors.

    Existing shareholders were allowed to buy 18 new shares for every five they already own at 10 cents a share. The Irish bank started the rights issue to avoid taking more bailout aid by an end-of-month deadline.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromCity A.M.

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