Anglo Irish Bank launched and priced its second record-breaking regulatory capital issue today, the largest ever Irish tier 1 bond to be sold to retail and private banking investors.
The bond was tripled in size from ?200 million ($246 million) to ?600 million following strong demand. It follows the bank’s ?750 million lower tier 2 regulatory capital issue in June this year, which was the largest ever debt capital issue by an Irish bank.
Today’s issue set another record for Ireland, being the country’s largest ever non-innovative tier 1 issue.
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