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PTSB buys back bonds

STATE-owned Permanent TSB Group Holdings is set to cut up to €180m off its debt after buying back part of its own mortgage debt at a discount.

THE saving will come after the bank made an offer to "buy back" up to €1.2bn of bonds, with lenders offered minimum prices ranging from 33c in the euro to 75.5c in the euro, if they accepted the offer by October 5.


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