Bank of Ireland has raised €500m by auctioning an unsecured senior bond.
The bank has borrowed the money for a three year period and paid an interest rate of 2.75%.
The bond issue was more than two times oversubscribed, which means there were twice as many buyers as there was debt for sale.
There were 120 investors in the bond, almost three quarters of which were asset managers.
A further 12% of investors were banks and 8% were pension funds or insurance companies.
A total of 18% of investors were German-based, while 17% were Italian.
Around 15% of the bonds were sold to British investors, with French investors also making up 15% of the sale.
Just 3% of investors were from Ireland.
The development is seen as a positive further step for Bank of Ireland.
