Strong demand for AIB's latest bond sale

Tuesday 22 January 2013 14.50
AIB bond sale oversubscribed by over four times
AIB bond sale oversubscribed by over four times

AIB has sold €500m of a three and a half year secured bond at an interest rate of around 2.3%.

The sale was oversubscribed by over four times - €2.2 billion of orders were placed for a €500m issuance.

The bank said that demand came from over 20 countries with over 99% of the orders placed outside Ireland.

It is the second time that AIB Mortgage Bank has suucessfully tapped the market in recent months - last November it sold €500m in three year bonds.

Keywords: aib