AIB to launch floating rate note

Allied Irish Banks plans to launch a benchmark floating-rate note, lead managers for the deal said yesterday.

BNP Paribas and UBS have been mandated to lead manage the three-year transaction, which will be launched in the near future subject to market conditions.

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