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Minister for Finance, Michael Noonan T.D. 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, the Minister for Finance, Mr. Michael Noonan, T.D. stated:
“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.”