Last checked at 2 Oct 2018 17:18
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This announcement contains a public disclosure of inside information under Regulation (EU) 596/2014.
2 October 2018
FBD Holdings plc ("FBD" or "FBD Group")
FBD Insurance plc ("FBD Insurance")
Proposed issuance of €50m Tier 2 subordinated notes fully subscribed
FBD Insurance today successfully agreed to issue €50,000,000 of new Callable Dated Deferrable Subordinated Notes due 2028 (the "New Notes"). The agreed coupon for the New Notes is 5.0%.
Goodbody Stockbrokers UC, trading as Goodbody, acted as Sole Lead Manager in respect of the transaction.
Commenting on the transaction,
Fiona Muldoon, CEO of FBD said:
"The strong pricing achieved by FBD is an endorsement and acknowledgement of the progress that FBD has made in recent years."
Enquiries | Telephone |
FBD Holdings plc | |
Paul Murphy | + 353 01 409 3494 |
Powerscourt | |
Jack Hickey | + 353 83 448 8339 |
About FBD
FBD is one of Ireland's largest property and casualty insurers, looking after the insurance needs of farmers, consumers and business owners. Established in the 1960s by farmers for farmers, FBD has built on those roots in agriculture to become a leading general insurer serving the needs of its direct agricultural, small business and consumer customers throughout Ireland. It has a network of 34 branches nationwide.
Other Information
This Announcement does not constitute an offer of securities and it is not a prospectus or a prospectus "equivalent" document.
The price of securities and any income from them may go down as well as up and investors may not get back the full amount invested on disposal of such securities.
Neither the content of FBD's website nor any website accessible by hyperlinks on the FBD's website is incorporated in, or forms part of, this Announcement.