ISEQ down on morning's trading

The ISEQ index of Irish shares was down 84.86 points to 9834.96 this morning.

This was despite the report that Ulster Bank Group today announced that it has raised €1.5bn through the issue of floating rate notes with a maturity of three years.

The notes, which give a return of Euribor +0.06%, will be listed on the Irish stock exchange.

The financial institutions all suffered this morning; AIB fell €0.26 to €22.40, Bank of Ireland dropped €0.22 to €16.30, Anglo was down €0.24 to €17.26 and IL&P plummeted €0.23 to €20.77.