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Allied Irish Banks mandates banks for Tier 2 bond

By Alice Gledhill

LONDON, Nov 17 (IFR) - Allied Irish Banks (EUREX: 558453.EX - news) has mandated banks to arrange investor meetings for a potential euro-denominated subordinated Tier 2 bond issue.

Deutsche Bank (Other OTC: DBAGF - news) and Morgan Stanley (Xetra: 885836 - news) are joint global coordinators. BNP Paribas (Xetra: 887771 - news) , Deutsche Bank, Goodbody, Morgan Stanley, Nomura and UBS (NYSEArca: FBGX - news) are joint lead managers. The roadshow will take place on November 18 in London and Frankfurt.

The transaction is expected to be rated B2/B by Moody's and S&P.

(Reporting by Alice Gledhill, Editing by Helene Durand)