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Bank of Ireland raises €300m in debt sale

Bank of Ireland said the bond sale was three times oversubscribed
Bank of Ireland said the bond sale was three times oversubscribed

Bank of Ireland has successfully raised €300 million in capital in a bond sale that was pulled last month.

The bank said the sale was three times over-subscribed, meaning there was a healthy level of demand for the bonds.

The debt - which matures in 10 years - carries an interest rate of 2.375%.

"We are pleased with the bond transaction carried out earlier today which was more than 3 times oversubscribed and further enhances the Group's total capital position," Sean Crowe, Chief Executive, Bank of Ireland Markets & Treasury said.

"We were particularly encouraged by the strong demand from international investors with interest from across the UK, Continental Europe and North America," he added.