Ireland

EAA Covered Bond Bank Plc (EAACBB), an Irish covered bond issuer and subsidiary of Erste Abwicklungsanstalt, which was formally a part of WestLB Ireland, has been given the authority to proceed with its sale.

Petroceltic, the Irish oil and gas exploration firm, has told shareholders that the company's future rests on the willingness of its lenders to continue to offer waivers on loan repayments.

A rise in eurozone periphery sovereign yields this week took its toll on Italy’s borrowing costs at an auction on Thursday, but Ireland showcased its semi-core status as its costs fell at a bond sale.

Ireland is to auction €1bn of May 2026 bonds on Thursday in the wake of an upgrade of the sovereign's credit rating by Fitch.

AIB Mortgage Bank attracted robust demand for its €1bn seven year covered bond issued on Thursday, and WL Bank also did well despite the difficult 10 year tenor and measly spread.

An audit of bail-outs during the sovereign debt crisis has pointed to inconsistencies in the European Union’s handling of different states, while claiming that a bail-in of Irish banks’ senior bondholders could have been contained.

AIB Mortgage Bank attracted robust demand for its seven year covered bond, the first deal from Ireland this year. The transaction benefitted from a very attractive spread to the government curve compared with deals issued by Spanish and Italian banks, and the return of demand from asset managers.

An audit of bailouts during the sovereign debt crisis has pointed to inconsistencies in the European Union’s handling of different states, while claiming that a bail-in of Irish banks’ senior bondholders could have been contained.

FMS Wertmanagement has launched two separate tender offers on the Irish Stock Exchange for euro, Swiss franc, US and Canadian dollar denominated covered bonds issued by Depfa Bank and Depfa Pfandbrief Bank SA.

Gaelectric, an Irish renewable energy developer, has become the first Irish company to issue a green bond, with a €10m offering open to wealthy retail investors.

FMS Wertmanagement has launched two separate tender offers on the Irish Stock Exchange for euro, swiss franc, US and Canadian dollar denominated covered bonds issued by DEPFA Bank and DEPFA Pfandbrief Bank SA.

Irish Residential Properties REIT has put a new €250m loan facility to use in its acquisition of 442 Dublin apartments.