AIB Mortgage Bank raises EUR750m through a 7-year Asset Covered Securities (ACS) Bond Issuance

AIB Mortgage Bank (AIBMB) today agreed a EUR750 million 7-year secured ACS bond issue under its Eur20 billion Mortgage Covered Securities Programme. AIBMB is a wholly owned subsidiary of Allied Irish Banks, p.l.c., (AIB).

This 7 year deal was priced at a spread over mid-swaps of 27 basis points at an absolute yield level of 0.748% with a coupon attaching of 0.625%. The deal was well received and was placed with c.125 international investors from 21 countries and was in excess of 3 times oversubscribed.

This is the first term funding transaction completed by AIB in 2015 and is part of the continued strategy to extend maturity and to diversify our funding and investor base.

Further information:
Donal Galvin
Head of Treasury
AIB Bankcentre
Dublin
Tel: +353-1-6418300
email: donal.j.galvin@aib.ie



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