Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 26-11-2015 | Practice Area: | Debt Capital Markets | ||||||||
| Deal Title: | AIB Resettable AT1 Contingent Temporary Write-Down Securities | Industry: | Banks | ||||||||
| Description: |
Allied Irish Banks plc issued EUR500 million of fixed rate resettable AT1 perpetual contingent temporary write-down securities. The coupon for the initial fixed rate period until December 2020 was fixed at 7.375%. Linklaters advised the dealers.
The transaction was arranged by Morgan Stanley, Deutsche Bank, Bank of America Merrill Lynch, HSBC, Davy and Goodbody Stockbrokers and attracted circa EUR4.75bn of total demand from a diverse range of international investors. Final pricing was at a yield of 7.375% and the final order book at this pricing level was more than nine times over-subscribed.
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| Financial Center: | London | Value: | 500.01-1000.00 | ||||||||
| Advised Party: | Managers:: | Law Firm | Linklaters | ||||||||
| Issuer Jurisdiction | Ireland | Listing Jurisdiction | Ireland | ||||||||
| Classification: |
Capital Securities Additional Tier 1 Write-Down Loss Absorption |
Lawyer | Carson Welsh | ||||||||
| Further Information: |
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