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Noonan welcomes the successful €1bn fund raising by Irish Banks

  • Permanent TSB placed €500 million in Irish Residential Mortgage Backed Securities – first publically placed new issue of this kind by an Irish Bank since 2007 & PTSB since 2006
  • AIB issued €500 million 3 Year Senior unsecured funding ; their first such issuance since 2009
  • Strong international investor demand for both transactions with competitive pricing

In welcoming todays successful funding transactions, Finance Minister Michael Noonan said:

Last week the Government agreed to exit the EU/IMF programme without further supports. The initial market reaction has been positive and these transactions, the first of their kind for both banks for a number of years, are further evidence of improved international investor sentiment towards both institutions and towards Ireland.