Sunday September 20, 2020

Bank of Ireland CoCo rises after state sale, NCB says

Bank of Ireland’s July 2016 contingent convertible capital notes, or CoCos, traded as much as 4 per cent higher than the price at which the government sold the securities yesterday.

10th January, 2013
Bank of Ireland CoCos were trading at least 3 per cent higher on the over-the-counter market earlier today.

Bank of Ireland’s July 2016 contingent convertible capital notes, or CoCos, traded as much as 4 per cent higher than the price at which the government sold the securities yesterday.

The government sold its €1 billion of Bank of Ireland CoCos at 101 per cent of par value yesterday, having received €4.8 billion of offers in the market. Finance minister Michael Noonan said yesterday he intends to sell almost €7 billion of remaining non-equity bank...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago