AIB clears path for euro reopening with debut green bond

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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