Banking
AIB raises €625m from bond market
Strong demand enabled the bank to reduce the annual interest rate
AIB raised €625 million from the bond market on Tuesday with strong demand allowing the bank to reduce the amount of interest it paid to investors.
Investor interest peaked at €3.2 billion causing the bank to drop the coupon, or annual interest rate, from 7.62 per cent to 7.12 per cent.
The investors in the additional tier 1 bonds (AT1s) were primarily asset managers. UK investors made up 40 per cent of the book, with ...