By Paul A. Harris
Portland, Ore., March 9 – Allied Irish Banks, plc priced a €500 million issue of 1 3/8% five-year senior notes at 99.971 to yield 1.381% on Monday, according to press release filed by the company.
BofA Merrill Lynch, Deutsche Bank, HSBC, Morgan Stanley and Nomura were the arrangers.
The order books were two-times oversubscribed, containing orders from 139 investors, according to information in the release.
Of the final allocations 88% went to international investors.
The issuer is a Dublin-based commercial bank.
| Issuer: | Allied Irish Banks, plc
|
| Securities: | Senior notes
|
| Amount: | €500 million
|
| Greenshoe: | 5% maximum
|
| Maturity: | March 16, 2020
|
| Arrangers: | BofA Merrill Lynch, Deutsche Bank, HSBC, Morgan Stanley, Nomura
|
| Coupon: | 1 3/8%
|
| Price: | 99.971
|
| Yield: | 1.381%
|
| Spread: | Mid-swaps plus 108 bps
|
| Trade date: | March 9
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
