AIB has booked a profit of €1.4 billion on a buy-back of 11 sets of its subordinated bonds.
AIB had offered to buy back bonds issued in euro, dollars and sterling with a total nominal value of €3.9 billion, the bank said today in a statement.
Bondholders with securities valued at approximately €2 billion chose to take up the offer.
The bonds will be exchanged for 30% of their face value, or approximately €600m.
The profit booked from the offer will go towards the €6.1 billion the bank needs to raise by the end of February to meet capital targets set by the Central Bank.
The AIB scheme was voluntary, unlike a recent Anglo Irish Bank scheme, which imposed terms on bondholders.
