15th Jan 2007 17:45
Bank of Ireland(Governor&Co)15 January 2007 Issue of Debt Bank of Ireland (Governor & Co) 15 January 2007 "The Governor and Company of the Bank of Ireland ("Bank of Ireland") issues €750million dated callable step-up floating rate subordinated notes due January2017." Bank of Ireland announces that it has launched and priced an issue of €750million dated callable step-up floating rate notes due January 2017 ("thenotes"). The transaction is part of Bank of Ireland's normal capital managementprocess. BNP Paribas and JPMorgan Cazenove acted as joint lead managers on thetransaction with Davy acting as Senior Co-Lead. The notes have been priced with a coupon of 20 bps over 3 month Euribor andissued at 99.863%. Interest will be payable quarterly in arrears until 24January 2012. The notes are callable at par at the option of Bank of Ireland,subject to regulatory approval, on 24 January 2012, and every coupon paymentdate thereafter. If the notes are not called on 24 January 2012 the couponresets to a floating rate of 70 bps over 3 month Euribor. Application will be made to the Irish Stock Exchange for admission of the notesto the Official list with 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