Permanent TSB said today it had raised €300m of debt by way of a three year Senior Unsecured Medium Term Note.
This is the first time in eight years that the bank has raised unsecured debt on the market.
Permanent TSB's Group Treasurer Paul Byrne said the move was "another very positive step in the group's re-engagement with the markets, having been away from the unsecured market for over eight years".
"This is a significant milestone for us to get a benchmark trade of this size completed. It further builds on the momentum of last week’s positive actions by the ratings agencies, the successful execution of the Capital raise and the strides we have made in deleveraging our non-core assets," Mr Byrne added.
Earlier, the bank said that its retail shareholders subscribed for 479,954 new shares in the company under the terms of an open offer, which formed part of its €525m recent capital raise.
The shares were priced at €4.50 each, raising €2.16m for Permanent TSB.
The new shares will trade on the main stock markets in Dublin and London and the total number of PTSB ordinary shares in issue is now 454.7 million.