BANK OF IRELAND’S DEBT EXCHANGE
BANK of Ireland (BoI) expects to raise around €405m (£353.1m) after completing a debt exchange yesterday. BoI, led by chief executive Richie Boucher, which last year received €3.5bn from the government in return for preference shares, said it had successfully swapped debt with a nominal value of €2.9bn for fresh 10-year paper.