Permanent TSB raises €300m in debt financing

Permanent TSB has raised €300m of debt financing, via the issuance of a three-year senior unsecured medium-term note.

The move marks the first time in eight-years that the bank has successfully raised unsecured debt on the markets, with group treasurer Paul Byrne, calling it “another very positive step” in the lender’s re-engagement with the markets.

“This is a significant milestone for us to get a benchmark trade of this size completed. It further builds on the momentum of last week’s positive actions by the ratings agencies, the successful execution of the capital raise and the strides we have made in deleveraging our non-core assets,” he said.