Financial services company Dilosk says it has raised €206m through the sale of bonds backed by residential mortgages.
The company said there was strong demand for the AAA and BBB-rated bonds, and the sale was over-subscribed.
Dilosk entered the mortgage market late last year through the acquisition of ICS Building Society, and a book of performing mortgage loans valued at some €223m, from Bank of Ireland.
Bank of Ireland, which sold ICS as part of the restructuring plan agreed with the European Union, also provided €100m of senior finance for the acquisition.
Dilosk said that it expected to start new lending towards the end of this year, with a particular focus on the residential buy-to-let mortgage market.
