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Payout earmarked for Eurolife investors

Investors in the Eurolife Secured Bond have been asked to vote on a partial repayment after the bond defaulted.
About 2300 investors should have been repaid abpout 17m of capital on January 23. After three weeks of negotiations they are now being asked to vote on the chance to back a minimum 60 per cent of what they are owed.
The proposal is conditional on the group being able to sell its life assurance business before March 11.

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