AIB clears path for euro reopening with debut green bond

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By Tyler Davies
23 Sep 2020

AIB Group's new euro tier two capital issue, its first green bond, was comfortably subscribed on Wednesday, lifting confidence in the bank debt market after a difficult start to the week.

The Irish lender picked Citigroup, Davy, HSBC, ING, JP Morgan and Morgan Stanley as bookrunners for its long 10.5 year non-call 5.5 tier two. 

They set out with initial price thoughts of 360bp over mid-swaps on Wednesday morning. 

Eyes in the financial institutions bond market were trained on ...

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