Back to bonds for Allied Irish

ALLIED Irish Banks returned to the wholesale bond market yesterday, with its first unsecured debt issuance since 2009.

The offering garnered €3.6bn (£3bn) of demand for a €500m transaction. The bonds mature in three years’ time, with a coupon of 2.875 per cent.

Allied Irish said that investors from 25 countries had been involved in the issuance, while CEO David Duffy called the sale “another important milestone” for the bank.

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