PTSB beefs up advisory team ahead of funds drive

PTSB beefs up advisory team ahead of funds drive

Permanent TSB is beefing up its advisory team, as it prepares to raise €525 million in fresh capital from private investors.

The 99 per cent state-owned bank has hired Goodbody Stockbrokers and the New York-based investment bank Keefe, Bruyette & Woods as co-lead managers on the capital raise.

Those firms join the bank’s long-time Irish and international financial advisers Davy and Deutsche Bank on the deal. The Department of Finance has its own external advisers on the transaction, JP Morgan Cazenove.a

The bank is looking to raise €400 million through the sale of new shares,...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post