BoI buys securities with face value of €1.2bn

Bank of Ireland said today that it has bought Tier 1 securities with a face value of approximately €1.26 billion.

Bank of Ireland said today that it has bought Tier 1 securities with a face value of approximately €1.26 billion.

The securities were purchased between 38 per cent and 50 per cent of the face value of the securities in line with the previously announced minimum tender prices, the bank said today.