Anglo Irish Bank has kept busy this summer, issuing a €400 million two-year floating rate note, as well as completing a €450 million revolving credit facility.
The bond issue was launched on July 2nd, with a rating of A3/A (Moody’s/Fitch). The bonds were priced at plus 18 bp.
Bookrunners for the deal were ABN AMRO and Deutsche Bank, and the bonds were bought across Europe with 14 countries expressing interest. The largest buyers were the UK, France, Ireland, Germany, Spain and Portugal. According to the bookrunners demand for the deal was high, and the order book totalled over €800 million at the time of closing. This is the second such issue by the bank this year, with a previous issue in February for €500 million. Anglo also completed a E450 million revolving credit facility in July, which attracted commitments from twenty-four international banks, from fifteen different countries.
BNP Paribas, Danske Bank, Royal Bank of Scotland and West LB acted as joint arrangers of the facility. |
