AIB note targets German investors

ALLIED Irish Banks plans to issue a euro senior floating rate note targeted at German investors.

DZ Bank, LBBW and WestLB said the note would have a five-year maturity and be callable once after three years. The issue will be launched and priced soon, they said.

Allied Irish Banks is rated Aa3 by Moody’s Investors Service, A+ by Standard & Poor’s and AA- by Fitch Ratings.