AIB fixes spread for 750m 10NC5 Tier 2 bond - lead
By Alice Gledhill
LONDON, Nov 19 (IFR) - Allied Irish Banks (EUREX: 558453.EX - news) has fixed the spread for its 750m 10-year non-call five-year Tier 2 bond at mid-swaps plus 395bp, according to a lead.
Leads started marketing at mid-swaps plus 400bp area earlier on Thursday morning.
Deutsche Bank (Other OTC: DBAGF - news) and Morgan Stanley (Xetra: 885836 - news) are joint global coordinators, together with BNP Paribas (Xetra: 887771 - news) , Goodbody, Nomura and UBS (NYSEArca: FBGX - news) as joint leads.
The transaction is expected to be rated B2/B/BB- by Moody's/S&P/Fitch. (Reporting by Alice Gledhill, editing by Julian Baker)