ILP looks ahead after Eu2bn five year shows GG demand

04 Mar 2010

Irish Life & Permanent capitalised on a much improved tone for eurozone peripheral sovereigns on Wednesday to price a well-oversubscribed Eu2bn five year deal under the Irish government guaranteed scheme.

“We had been looking at doing a possible issue for a while and decided to go ahead as market conditions improved,” said Barry Bowden, head of asset and liability management at Irish Life & Permanent. “The fact that we were able to achieve a Eu2bn size shows that ...

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