22nd Jun 2005 10:26
Bank of Ireland(Governor&Co)22 June 2005 22 June 2005 The Governor and Company of the Bank of Ireland ("Bank of Ireland") Issue EUR600 million Dated Callable Step-Up Floating Rate Subordinated Notes due July 2017 Bank of Ireland announces that it has launched and priced an issue of EUR 600million dated callable step-up floating rate subordinated notes due July 2017("the notes"). The transaction is part of Bank of Ireland's normal capitalmanagement process. J&E Davy, HSBC Bank plc and Lehman Brothers (International)Europe are joint lead managers on the transaction. The notes have been priced with a coupon of 30 bps over 3 month Euribor andissued at 99.805%. Interest will be payable quarterly in arrears until 3 July2017. The notes are callable at par at the option of Bank of Ireland, subject toregulatory approval, on 3 July 2012, and every coupon payment date thereafter.If the notes are not called on 3 July 2012 the coupon resets to a floating rateof 80 bps over 3 month Euribor. Application will be made to the London Stock Exchange for admission of the notesto the Official List. Stabilisation/FSA. Enquiries: Brian Kealy, Head of Capital Management 003531 - 6043537 Geraldine Deighan, Head of Investor Relations 003531 -6043511 Dan Loughrey, Head of Group Corporate Communications 003531 - 6043833 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BKIR.L