BoI raises €250m through bond issue

Bank of Ireland raised €250m through a 10-year subordinated bond with a coupon of 10%. The issue was up to four times oversubscribed.

“This follows on from the bank’s highly successful €1bn of 3-year un-guaranteed euro fixed rate Irish covered bond transaction in mid-November. The trade is a significant vote of confidence by international bond investors in Bank of Ireland and Ireland. This further reflects the material progress made by the Group and the economy.

The issue further supplements the bank’s capital position,” the bank said.