Bank of Ireland names leads for 7yr euro benchmark covered

By Julian Baker

LONDON, March 6 (IFR) - Bank of Ireland Mortgage Bank(Ticker: BKIR) has mandated Barclays, Credit Suisse, DeutscheBank, SG CIB and UniCredit to lead manage its upcoming RegS(Bearer) EUR denominated fixed rate benchmark covered bondtransaction with a 7-year maturity, backed by Irish residentialmortgage loans. The deal is expected to be rated Aaa/AAA byMoody’s/DBRS, and is expected to launch in the near futuresubject to market conditions. Relevant stabilisation regulationsapply, including FCA/ICMA.

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