14th Dec 2005 09:25
Bank of Ireland(Governor&Co)14 December 2005 14 December 2005 Bank of Ireland Issue Stg£350 million Fixed/Floating Rate Subordinated Notes due 22 January 2018 Bank of Ireland announces that it has launched and priced an issue of Stg£ 350million fixed/floating rate subordinated notes due 2018 ("the notes"). Thetransaction is part of Bank of Ireland's normal capital management process.Davy, RBS and UBS Investment Bank are joint lead managers on the transaction. The notes have been priced with a coupon of 4.875 % and issued at 99. 271%. Thisrepresents a margin of 62 bps over the UKT 5% 2014 bond at the time of pricing.Interest will be paid annually in arrears until 22 January 2013. The notes arecallable at par at the option of Bank of Ireland, subject to regulatoryapproval, on 22 January 2013, at which point, if not called, the coupon resetsto a floating rate equal to 73 bps over three month sterling LIBOR.Application will be made to the Irish Stock Exchange for admission of the notesto the Official List. Stabilisation in accordance with article 9(2) ofCommission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive(2003/6/EC). Enquiries: Brian Kealy, Head of Capital Management 003531 - 6043526 Geraldine Deighan, Head of Investor Relations 003531 - 6043501 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