Iseq declines on mortgage arrears

The Iseq declined further as latest figures from the Central Bank indicated the number of mortgages in arrears appears to be increasing.

The Irish Index was 13.7 points worse off at 3328.8.

In the financial sector, Bank of Ireland, in a surprise move on Wednesday, looked to sell €200m of subordinated bonds in an issue that appears to have been oversubscribed by three to four times with the bank raising the issue to €250m. Shares dipped slightly by 0.3c to 11.9c.