Bank of Ireland has raised $1 billion ((€738 million) of two-year funding through a Government-backed bond, the financial institution said today.
In a statement today, Bank of ireland said the bond had an overscubscribed order book of $1.25 billion.
The bond was sold to a range of 50 investors across 18 countries, priced at about 1.75 per cent above the benchmark midswap rate.
"The transaction was announced with an initial price guidance of circa 175 basis points over mid swaps," the bank said. "Investor feedback was positive at this pricing point and enabled the transaction to be issued at this level."
