AIB restarts AT1 supply with unusual, blowout deal

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AIB restarts AT1 supply with unusual, blowout deal

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03 December 2018, Ireland, Dublin: The lettering of the Irish commercial bank AIB (Allied Irish Banks) can be seen next to the entrance to the bank's head office. Photo: Christian Charisius/dpa | Christian Charisius/DPA/PA Images

AIB Group priced a €625m additional tier one (AT1) bond in euros this week, following several volatile days of trading for the asset class. The deal surpassed expectations in terms of size and pricing, having been run along with a tender offer for one of the Irish lender’s existing AT1s.

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