BKIR.L Regulatory News (BKIR)

9 Sep 2005 18:17

Bank of Ireland(Governor&Co)09 September 2005 9 September 2005 Bank of Ireland Issue Can$ 400 million Fixed/Floating Rate Subordinated Notes due 22 September 2015. Bank of Ireland announced today that it has launched and priced an issue ofCAN$400 million fixed/floating rate subordinated notes due 2015 ("the notes").The transaction is part of Bank of Ireland's normal capital management process.Bank of Montreal, London and Merrill Lynch, International are joint leadmanagers on the transaction. The notes have been priced with a coupon of 3.80% and issued at 99.86%. Thisrepresents a margin of 43bps over the interpolated curve (Cda 4% Sep 1, 2010 andCda 6% June 1, 2011) and 44bps over the Cda 4% Sept 1, 2010 bond at the time ofpricing. Interest will be paid semi-annually in arrears until 22 September 2010.The notes are callable at par at the option of Bank of Ireland, subject toregulatory approval, on 22 September 2010, at which point the coupon resets to afloating rate equal to the three month BA CDOR plus 79bps. Application will be made to the Irish Stock Exchange for admission of the notesto the Official List. 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 0035386-6089629Deirdre Hogan, Capital Management 003531-6043526 Geraldine Deighan, Head of Investor Relations 003531-6043501 Dan Loughery, Head of Group Corporate Communications 003531-6043833 This information is provided by RNS The company news service from the London Stock Exchange