Brendan Burgess
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AIB faces overseas competition for Ulster Bank’s €6.5bn tracker mortgages
US powerhouse Pimco and M&G Investments from London lining up offers
US investment powerhouse Pimco and London-based M&G Investments are understood to be lining up offers for the tracker loans, the last major Ulster Bank performing portfolio seeking a buyer as the bank continues its retreat from the Irish market, the sources said. While bids are currently scheduled to be submitted by mid-March, one of the sources said the deadline may drift.