NPRS gets a 15.7% stake in Bank of Ireland

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IRELAND - The National Pensions Reserve Fund (NPRF) will receive €250m (US$340m) worth of Bank of Ireland (BoI) ordinary shares in lieu of a cash payment of this year's coupon.

NPRF will now own a 15.7% stake in the bank. The European Commission requested that discretionary coupon payments on tier 1 and upper tier 2 capital instruments in BoI, which includes the Irish ...

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