Published:
AIB p.l.c. announces EUR 750m 5 year Senior Unsecured Unguaranteed Bond Issue
FOR IMMEDIATE RELEASE 5h NOVEMBER 2009
AIB announces EUR 750m 5 year Senior Unsecured Unguaranteed Bond
Issue
AIB today closed a EUR 750 million 5 year Senior Unsecured
Unguaranteed
Bond Issue. This is the first Senior Unsecured Bond Unguaranteed
Bond
Issue with a 5 year maturity from any Irish bank since the
Government
Guarantee was introduced in September 2008.
This follows our successful EUR 1.0 billion 3 year Senior
Unsecured
Unguaranteed Bond Issue completed in September 2009.
This 5 year deal was priced at a spread over mid-swaps of 285
basis
points with in excess of 150 international investors reflecting
a
well diversified geographic profile and was oversubscribed by
1.8
times.
Colm Doherty, Managing Director of AIB Capital Markets, said:
"The positive reaction of the international markets by investing
in
longer term unsecured and unguaranteed bonds of AIB is a
further
indicator of the growing positive attitude of the
international
credit markets towards Irish banks.
It is a very positive indicator for future unguaranteed issuance
from
the Irish financial system."
This announcement was originally distributed by Hugin. The issuer
is
solely responsible for the content of this announcement.
Copyright © Hugin AS 2009. All rights reserved.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
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