Bank Of Ireland Group plc ( (DE:BIRG) ) has shared an update.
Bank of Ireland Group plc announced its intention to redeem €168,789,000 of its outstanding Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities on 19 May 2025, following regulatory approval. This move follows a previous tender offer where €506,211,000 of the securities were acquired and cancelled. The redemption will result in the cancellation of the securities and cessation of interest payments, with a request for delisting from Euronext Dublin. This action reflects the company’s strategic financial management and impacts stakeholders by altering the securities’ status and associated financial obligations.
More about Bank Of Ireland Group plc
Bank of Ireland Group plc operates in the financial services industry, offering a range of banking products and services primarily focused on retail and commercial banking. The company is a significant player in the Irish market, providing services such as loans, mortgages, and savings products to individuals and businesses.
YTD Price Performance: 5.85%
Average Trading Volume: 9,898
Technical Sentiment Signal: Sell
Current Market Cap: €9.15B
Learn more about BIRG stock on TipRanks’ Stock Analysis page.