The Bank of Ireland announced the results of its tender offers targeting all outstanding tranches of the RMBS issued by Kildare Securities Ltd. and Brunel Residential Mortgage Securitization No.1 PLC.

The Bank offered to buy back its Kildare and Brunel securitizations at between 28% and 88% of par and had anticipated the move would reduce its regulatory capital by up to €300 million ($400 million).

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