Bank of Ireland successfully raises €650m of long term unsecured funding.


Bank of Ireland Group (‘BOIG’) (18 November 2019) announced that it has raised €650 million of HoldCo Senior Unsecured funding with a maturity of 6 years, callable after 5 years. This is a Senior Unsecured transaction from our holding company, BOIG plc and the instrument carries a yield of 1.022%. This transaction successfully contributes €650 million to the Group’s MREL requirement.

The issuance was well received by investors with a high quality and well diversified order book that was c.2 times oversubscribed.

Key highlights:

  • Bank of Ireland successfully issued a €650m 6 year HoldCo Senior Unsecured bond, callable after 5 years.
  • The high quality of investor demand for this bond underlines the Group’s ability to access funding from international capital markets.
  • Pricing of 125 basis points over 5 year mid swaps equates to a yield of 1.022%
  • Contributes €650m towards the Group’s MREL requirement.
  • Lead investment banks on the transaction were Bank of America, Credit Suisse, NatWest Markets, Société Générale and UBS Investment Bank.

This website uses cookies in order to improve the site and user experience. By continuing to use it, you agree to our Privacy Policy.