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Tuesday, 23rd April 2024
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Anglo Irish Bank raise $125m Back  
Anglo Irish Bank has raised $125 million of subordinated loan stock through a private placement from US institutional investors.

The Bank said this debt would allow it to further expand its lending.

The raising of the $125 million tranche, follows the recent Stg375 million securitisation programme, and gives the Bank a capital ratio of just under 12 per cent which it says will enable it to continue further growth over coming years without the need to raise further capital.

The deal has a ten year maturity and is callable at the option of the Bank after five years.

Head of treasury at the bank, Tiarnan O Mahoney said ‘this diversification of our sources of capital, particularly on such attractive terms, allows us to expand lending in line with our criteria.’

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