EBS Building Society says its plans to impose significant losses on its subordinated or junior debt have been accepted by all the bondholders concerned.
The society says the measures will raise around €93m in capital, reducing the amount the State will have to inject to meet targets set by the Central Bank.
EBS said last month that it planned to buy back around €260m of subordinated bonds for 10% to 20% of their original value.
AIB yesterday said similar measures would raise around €1.6 billion in capital.
