EU Commission requests Bank of Ireland to suspend coupon payments on some securities
Jan 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The EU Commission has requested that pending its assessment of the Bank of Ireland's restructuring plan (which is required in compliance with EU State aid rules), that the bank should suspend coupon payments on its Tier 1 and Upper Tier 2 capital securities unless under a binding legal obligation to do so.