Bank Irel13.375 Regulatory News (BOI)

29 Jun 2007 11:41

Bank of Ireland(Governor&Co)29 June 2007 Issue of Debt Bank of Ireland (Governor & Co) 29 June 2007 "The Governor and Company of the Bank of Ireland ("Bank of Ireland") issues $600million dated callable step-up floating rate subordinated notes due July 2018." Bank of Ireland announces that it has launched and priced an issue of $600million dated callable step-up floating rate notes due July 2018 ("the notes")(Reg S only). The transaction is part of Bank of Ireland's normal capitalmanagement process. HSBC and UBS Investment Bank acted as joint lead managers onthe transaction with Bank of Ireland Global Markets acting as Senior Co-Lead. The notes have been priced with a coupon of 22 bps over 3 month US$ Libor andissued at 99.897%. Interest will be payable quarterly in arrears until 5 July2013. The notes are callable at par at the option of Bank of Ireland, subject toregulatory approval, on 5 July 2013, and every coupon payment date thereafter.If the notes are not called on 5 July 2013 the coupon resets to a floating rateof 72 bps over 3 month US$ Libor. Application will be made to the Irish Stock Exchange for admission of the notesto the Official list with stabilisation in accordance with article 9(2) ofCommission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive(2003/6/EC). Enquiries: Brian Kealy, Head of Capital Management 003531 - 6043526 Geraldine Deighan, Head of Investor Relations 003531 -6043501 Dan Loughrey, Head of Group Corporate Communications 003531 - 6043833 This information is provided by RNS The company news service from the London Stock Exchange