5th Nov 2009 17:19
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FOR IMMEDIATE RELEASE
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5h NOVEMBER 2009
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AIB announces €750m 5 year Senior Unsecured Unguaranteed Bond Issue
AIB today closed a €750 million 5 year Senior Unsecured Unguaranteed Bond Issue. This is the first Senior Unsecured Bond Unguaranteed Bond Issue with a 5 year maturity from any Irish bank since the Government Guarantee was introduced in September 2008.
This follows our successful €1.0 billion 3 year Senior Unsecured Unguaranteed Bond Issue completed in September 2009.
This 5 year deal was priced at a spread over mid-swaps of 285 basis points with in excess of 150 international investors reflecting a well diversified geographic profile and was oversubscribed by 1.8 times.
Colm Doherty, Managing Director of AIB Capital Markets, said:
"The positive reaction of the international markets by investing in longer term unsecured and unguaranteed bonds of AIB is a further indicator of the growing positive attitude of the international credit markets towards Irish banks.
It is a very positive indicator for future unguaranteed issuance from the Irish financial system."
- Ends -
For further information please contact:
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Alan Kelly |
Ronan Sheridan |
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General Manager, Group Finance |
Group Press Officer |
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AIB Group |
AIB Group |
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Dublin 4 |
Dublin 4 |
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Tel: +353-1-6412162 |
Tel: +353-1-6414651 |
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