Bank of Ireland Rescue Will Hit Both Bond and Share Holders

Bank of Ireland is intent on raising 4.2 billion euros, or $6.1 billion, in fresh capital, the bank said on Friday, announcing plans to issue up to 2.2 billion euros in new stock as it offers to buy back debt using both equity and cash. ...

Read more at: http://www.advisorone.com/article/bank-ireland-rescue-will-hit-both-bond-and-share-holders