Burned Bondholder Sees ‘Slam Dunk’ in AIB

Burned Bondholder Sees ‘Slam Dunk’ in AIB

Aidan Crawley/Bloomberg

Allied Irish has 3 billion euros of debt due this year, according to data compiled by Bloomberg, and is planning its biggest fundraising since a government bailout forced investors to accept as much as 90 percent less than they were owed, after a property bubble burst, triggering $155 billion of loan losses.