BoI’s tight €500m closes gap with sovereign
Bank of Ireland priced a highly successful €500m five year transaction late last week, bringing its longest benchmark covered bond in over three years and radically repricing its curve relative to the Irish sovereign.
The bond came only 48 hours after the governments stellar 10 year deal on March 13, which syndicate bankers saw as a big vote of confidence in the country despite persistently high unemployment and a rising debt to GDP ratio.
BoI was quick to take advantage of the
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