Dilosk DAC, which trades as ICS Mortgages, has today raised €200m in its ninth public bond issuance.
Dilosk said today's transaction was fully backed by buy-to-let prime residential mortgages originated by ICS Mortgages.
It added that the deal was significantly oversubscribed with investor demand approaching about €700m for about €200m of bonds.
Fergal McGrath, co-founder and CEO of Dilosk, said today's issuance underscores strong investor confidence in the Dilosk platform.
The bonds are rated by Moody's and Standard & Poor's rating agencies.
They are rated from "AAA" to "B" and are listed on Euronext Dublin.
"We started 2024 in a very strong position with our successful €400m owner-occupier bond issuance. It is a great achievement to now follow with our ninth public transaction and our third backed solely by Buy-to-Let mortgages," Mr McGrath said.
He said today's transaction further solidifies the lender' prominent role as an Irish Bond Issuer within the European capital markets.
"The European capital markets remain very strong currently, with investors seeking mortgage backed bonds from mortgage lenders with a strong issuance track record and solid mortgage lending capabilities. Dilosk has successfully raised c.€2.6 billion through nine capital market transactions since inception," he added.
