Bank of Ireland has raised €2 billion of funding through a bond issue, its first under the Government guarantee scheme. AIB became the first bank to raise funds under the scheme last week, also raising €2 billion.
Bank of Ireland's fixed rate bond is for a two-year period to September 3 2010, just before the guarantee scheme expires. Bank of Ireland says the bond was 'significantly oversubscribed' and carried top ratings from credit agencies because it came under the Government guarantee.
Investors from 21 countries across Europe and the Middle East participated.
