APPEAL: Owners of Anglo Irish Bank Bonds 2014 and 2016

The nationalized Anglo Irish Bank is currently doing an exchange offer of 2014 and 2016 subordinated bonds into new bonds. The bondholders are asked to waive 80% of their nominal value. Bondholders who do not accept this offer are threatened by the Irish government to lose all their money if a majority of 3/4 of the bondholders approves the waiver in a meeting of bondholders on 22.12.2010.

Currently several groups of investors (purchase offer of a German group) are combining their forces to vote against the expropriation. The investors already have nearly a blocking minority of the 2014 bonds and a big bloc of 2016 bonds.

Owners of 2014 and 2016 Anglo Irish bonds are kindly asked to contact the editorial staff by e-mail to coordinate the next steps.