Bank of Ireland secures successful bond sale

Bank of Ireland has today successfully secured the sale of an unsecured senior bond for €500 million.

The bond is for a term of three years with rate of 2.75%.

Bank

Bank

 

The development is a positive step for the bank. The bond sale, which was more than two times oversubscribed drew over 120 investors, most of which were asset managers.

Pension funds and insurance companies also subscribed.

Almost one-in-five investors were German with a high number of British, French and Italian subscribers making up the majority of buyers.

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