Dairy Board’s corporate loan facility scoops prestigious award

Specialist financial services sector journal Finance Dublin has selected Irish Dairy Board’s innovative new €190m corporate loan facility among its prestigious award winners for 2012.

The IDB won the ‘Loans and Financing Deal of the Year’ category, one of nine awards selected by Finance Dublin — widely referred to as the bible for financial services professionals seeking analysis of quoted securities and IFSC-related information.

Glanbia won the magazine’s ‘Debt Securities Notes’ award for its $325m guaranteed senior notes private placement (securing the equivalent of almost €260m in 10-year notes with Barclays and RBS). For its ‘Most Innovative’ award, Finance Dublin selected the financial restructuring of Quinn Group and the sale of Quinn Insurance while under administration. Other awards went to Alkermes, Avolon, Northern Ireland Electricity Finance, Fairfax Holdings, IFSC, and AIB.