Bank of Ireland has raised €2 billion through a bond issue under the 2001 Asset Covered Securities Act.
The funding, subject to final documentation, is part of a €10 billion fundraising drive by the bank. To date it has raised more than €6.3 billion through ACS bonds from the international markets.
"Investor feedback during our recent international roadshow was extremely positive and the success of this issue is down to not only the quality of our mortgage book, but also the widely acclaimed Irish ACS legislation and the strong performance of the Irish economy," said Austin Jennings, ceo Bank of Ireland Global Markets.