| Bank of Ireland raises €250 million in subordinated bonds, in first junior debt issuance by an Irish bank since the credit crisis began |
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| 12th December: In the first issuance of subordinated debt by an Irish bank since the credit crisis began, Bank of Ireland has raised EUR 250 million of Lower Tier 2 Capital at 10 per cent with a maturity of 10 years. The transaction was three to four times oversubscribed. The issue follows BOI's recent return to the covered bond markets, and is further evidence of restoration of a working issuance market for Irish credits. |
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