BoI plans to blaze €10bn bond trail

BANK OF IRELAND’S plans to blaze a €10 billion trail with a new form of fundraising received the thumbs-up yesterday.

BoI plans to blaze €10bn bond trail
Thu, 16 Sep, 2004 - 01:00
David Clerkin

The bank said investor demand for the first stage of its latest programme was “phenomenal” and three times the level needed.

Over 130 fund managers, banks and insurance companies from 23 countries around the world snapped up the bank’s first Asset Covered Security (ACS), a bond secured on the bank’s portfolio of mortgages.

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