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.
http://finance.yahoo.com/news/...0m-5-iw-1013372008.html?x=0&.v=1 |