Bank raises €750m in unsecured bond sale

Bank of Ireland has raised €750m through a five-year senior unsecured bond at a yield of 3.337%, which compares very favourably to other eurozone banks of a similar profile.

The issue was five times oversubscribed with a total order book of €3.75bn.

The bond was sold to 240 investors with 97% of the eventual allocation placed with international funds.