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Wed 04 Apr 2003M&T issues $400m debt for takeover
M&T, the US bank that has taken over AIB's Allfirst subsidiary, has issued $400 million (€366.8 million) in subordinated debt to part finance the $886 million cash payment owed to the Irish bank.
The bank also confirmed that it had signed a letter of intent to acquire AIB's branch office in New York.
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