Bank of Ireland postpones tier two as Brexit fears swirl

By Tyler Davies
03 Sep 2019

Bank of Ireland abandoned plans for a new €300m tier two on Tuesday after struggling to build much enthusiasm around the transaction. Market participants said the Irish lender had fallen victim to growing fears of a ‘no deal’ Brexit.

Bank of Ireland hired Citi, Davy, Mizuho, Nomuraand UBSto arrange the sale of the 10 year non-call five tier two, having clearly outlined that it wanted to raise €300m.

The lead managers found it difficult to attract much attention from investors around ...

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