Around 59.5% of Bank of Ireland stakeholders have subscribed to a rights issue by the bank, The Wall Street Journal reports. The lender was looking to raise €1.91 billion from shareholders and €1.1 billion from outside investors.
Existing shareholders were allowed to buy 18 new shares for every five they already own at 10 cents a share. The Irish bank started the rights issue to avoid taking more bailout aid by an end-of-month deadline.
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