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Aug 27 2020, 08:45 IST/BST
Bank of Ireland
Strong investor demand for AT1 helps lower CET1 requirement
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Yesterday (August 26th), Bank of Ireland (BOI) issued its second € AT1 of the year, in the process, optimising its capital structure to avail of supportive regulatory changes. The deal facilitates the reduction in BOI’s CET1 requirement to 9.27%, over which BOI maintains a substantial CET1 buffer. Final pricing compared favourably with initial price thoughts at the deal’s launch and the recent AT1 issue in Q2, supported by strong investor demand.
