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'Enough cash' at bank

IRISH Nationwide Building Society has sufficient facilities and cash to repay €4bn of debt maturing at the end of this month.

A spokesman for the company confirmed that its move to list €4bn of Government-guaranteed notes under its so-called global medium-term note programme "boosts the liquidity" of the society.

Irish Nationwide said that it may use some of the €4bn of notes to repay maturing bonds.


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