Thursday September 24, 2020

BoI returns to ACS market for more funding

Bank of Ireland is to use the specialist Asset Covered Securities (ACS) market for the third time later this week by raising around €2 billion to fund its lending book.

10th June, 2006

The bank has already raised €4 billion over the past two years through the use of ACSs, which are bonds that allow it to use its pool of mortgages as a source of finance from large-scale investors such as major institutions and central banks around the world.

The ACS issues are part of a five-year programme to raise a total of €10 billion and are a cheaper way for the bank to source funds than...

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