IFLR1000

Allied Irish Banks €500 million 7.375% AT1 bond issue

26/11/2015
Investment grade bond/note issue
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€ 500 million

$ 533.207 million

Announced

26/11/2015

Overview:

  • Allied Irish Banks (AIB) has issued €500 million in fixed rate reset AT1 perpetual contingent temporary write-down securities.
  • The fixed rate was 7.375% until December 2020.
  • Morgan Stanley, Deutsche Bank, Bank of America Merrill Lynch, HSBC, Davy and Goodbody Stockbrokers acted as arrangers.
  • The deal allows AIB to repay €1.7 billion in capital to the Irish state by the end of 2015.

Sam Duke - Editor

Jurisdiction:

Ireland

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
A&L Goodbody

Party: Deutsche Bank AG Na ON (Arranger)

Lawyer: Adrian Burke

Allen & Overy

Party: Deutsche Bank AG Na ON (Arranger)

Party: Morgan Stanley (Arranger)

Party: Bank of America Merrill Lynch (Arranger)

Party: HSBC (Arranger)

Party: Davy and Goodbody Stockbrokers (Arranger)

Arthur Cox

Party: Allied Irish Banks (AIB) (Issuer)

Lawyer: Cormac Kissane

Linklaters

Party: Allied Irish Banks (AIB) (Issuer)

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