Bank of Ireland names leads for 7 year euro benchmark covered

LONDON: Bank of Ireland Mortgage Bank (Ticker: BKIR) has mandated Barclays, Credit Suisse, Deutsche Bank, SG CIB and UniCredit to lead manage its upcoming RegS (Bearer) EUR denominated fixed rate benchmark covered bond transaction with a 7-year maturity, backed by Irish residential mortgage loans.

The deal is expected to be rated Aaa/AAA by Moody's/DBRS, and is expected to launch in the near future subject to market conditions. Relevant stabilisation regulations apply, including FCA/ICMA.

Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).