2 Dec 2011 07:06

The Governor and Company of the Bank of Ireland (Bank of Ireland)
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Tender Offer Results and Purchase of Capital Securities
2 December 2011
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The Governor and Company of the Bank of Ireland (the Bank) has today announced the results of its tender offers (the Offers) targeting all outstanding tranches of the residential mortgage backed securities issued by Kildare Securities Limited and Brunel Residential Mortgage Securitisation No.1 PLC (the Notes). The Bank will accept for purchase approximately €1.1bn in aggregate (amortised) principal amount outstanding of the Notes, as set out below.
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Residential mortgage backed securities issued by Kildare Securities Limited
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ISIN | Outstanding PrincipalAmount Accepted |
XS0286335210 US493897AB83 | U.S.$14,830,455 |
XS0286335996 | €260,350,000 |
XS0286336374 | €61,100,000 |
XS0286336531 | €60,350,000 |
XS0286336887 | €21,050,000 |
Residential mortgage backed securities issued by Brunel Residential Mortgage Securitisation No.1 PLC
ISIN | Outstanding Principal Amount Accepted |
XS0289300898 XS0291311800 | €124,997,663 |
XS0289303215 XS0291315207 | £301,225,000 |
XS0289307398 US116874AD02 | U.S.$140,921,202 |
XS0289324138 XS0291316601 | €8,717,530 |
XS0289324484 XS0291317088 | £11,621,307 |
XS0289326265 XS0291318995 | €28,497,770 |
XS0289326935 XS0291321510 | £1,549,508 |
XS0289327156 US116874AE84 | U.S.$7,747,538 |
XS0289327313 XS0291323649 | €68,685,800 |
XS0289327826 XS0291324027 | £8,646,253 |
XS0289368853 US116874AF59 | U.S.$20,918,354 |
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The Bank has also purchased the following capital securities:
ISIN | Principal Amount Repurchased |
XS0125611482 | €96,530,000 |
XS0223310862 | €12,000,000 |
XS0487711656 | £23,950,000 |
CA062786AA67 | C$14,000,000 |
CA062786AD07 | C$51,028,000 |
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The aggregate Core Tier 1 accretion to the Bank from all the foregoing purchases is expected to be approximately c. €350 million
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Bank of Ireland Contact Details:
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Brian Kealy, Head of Capital Management Tel: +353 76 623 4719
Colin Reddy, Capital Management Tel: +353 76 623 4722
Darach O'Leary, Head of Wholesale Funding Tel: +353 1 799 3140
Redmond O'Leary, Head of Securitisation Tel: +353 1 609 3298
Tony Joyce, Head of Investor Relations Tel: +353 76 623 4729
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