22nd Feb 2005 17:02
Bank of Ireland(Governor&Co)22 February 2005 Bank of Ireland Issue EUR600 million CMS Linked Tier 1 Perpetual PreferredSecurities BOI Capital Funding (No.1) LP, guaranteed by the Governor and Company of theBank of Ireland, announced today that it has launched and priced an issue ofEUR600 million CMS Linked Tier 1 Non-voting Non-cumulative Perpetual PreferredSecurities (the securities). The transaction is part of Bank of Ireland's normalcapital management process. BNP Paribas, Davy, Merrill Lynch International andUBS Investment Bank are joint lead managers on the transaction. The securities are perpetual but callable after 5 years, with no step-up, andhave been priced with a coupon of 6.25% for years 1-2 and 10-year CMS + 10bpsthereafter, capped at 8%. Interest will be paid annually in arrears. Thesecurities are callable at par at the option of Bank of Ireland, subject toregulatory approval, on 3 March 2010 and on every subsequent coupon date. Application will be made to the Euronext Amsterdam Stock exchange for listing.Stabilisation/FSA. Enquiries; Brian Kealy Head of Capital Management 00353 1 6043537Fiona Ross Head of Investor Relations 00353 1 6043501Dan Loughery Head of Group Corporate Communications 00353 1 6043833 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BKIR.L