Bank of Ireland raises €750m through unsecured bond

Bank of Ireland raised €750m through a senior unsecured bond at a yield of 1.273%.

The issue was four times oversubscribed, with total demand reaching €3.2bn from roughly 250 different institutional investors.

The yield represented a significant tightening on a similar €750m five-year unsecured bond issued in January, which had a yield of 3.337%.