Bank of Ireland

Strong order book tightens pricing of €300m T2 issue

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 367c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    NEUTRAL

DAVY VIEW

Bank of Ireland (BOI) yesterday issued a €300m Tier 2 (T2) bond, which was well received by investors with an order book cover of over 3x. Following the € HoldCo senior bond issued in July, this takes year-to-date issuance close to the lower end of BOI’s €1-2bn p.a. issuance guidance.

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Oct 8 2019, 08:25 IST/BST

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