BoI raises €750m through ten year bond sale

Wednesday 04 June 2014 18.19
Bank of Ireland said the bond's yield was more than half the rate secured in late 2012
Bank of Ireland said the bond's yield was more than half the rate secured in late 2012

Bank of Ireland has raised €750m through the sale of a ten year, Tier 2 capital bond.

The bank said the bond was sold with a 4.25% yield, compared to a 10% rate on a similar sale in late 2012.

Bank of Ireland said the auction was more than five times over-subscribed, with 97% of investors coming from overseas.