Bank of Ireland has repaid a bond with a value of about €40 million that it issued in the Asian market in 2005.

The HK$420,000 bond, which was not guaranteed by the Irish Government, was issued seven years ago and was due to mature yesterday.

The issuing and maturing of the senior unsecured bond has taken place as part of the bank’s normal fixed-income operations, a spokeswoman indicated.

On equity markets, Bank of Ireland’s share price has increased 40 per cent this year, closing yesterday at a price of 12 cent.