Bond sale nets AIB a further €500m

AIB has successfully raised a further €500m, via the issue of a fixed rate five-year senior bond.

The move — flagged earlier in the week — further underlines investor confidence in Irish-based debt, as it was four times oversubscribed; attracting more than 170 international investors and €2bn worth of total demand from a diverse range of interested parties. The new bond has a coupon of 2.75%.

It is only the second time AIB has issued such a bond — a fixed-rate senior unsecured debt issue — since returning to the bond markets in late 2012.