Anglo Irish Bank has announced plans to buy back some of its debt at a discount, following similar moves by AIB and Bank of Ireland.
The nationalised bank is offering to buy back seven different types of debt. The bank is offering to pay between 27% and 55% of the value of some of the bonds. €1.95 billion of the debt is in euro, and £1.1bn in sterling.
Anglo's offer to bondholders closes at 5pm on July 30.
Banks are taking advantage of steep discounts in the debt market to improve their capital strength by buying back bonds at cheaper prices.
