Anglo Irish won’t meet investors

Anglo Irish Bank has refused to meet its rebel bondholders despite a threat from one group which holds a stake big enough to stall parts of a €2bn (£1.75bn) debt exchange offered by the bank. Alan Dukes, chairman of Anglo Irish, reiterated the bank’s take-it-or-leave-it stance yesterday after several investors threatened to vote against the exchange. Some of the bank’s bondholders have complained about “unequal” treatment in the deal, which offers junior noteholders new government-guaranteed bonds worth 20 per cent of the face value of their current holdings.