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Bank of Ireland to redeem $1 billion in fixed-to-fixed rate notes

Published 18/08/2025, 11:52
Bank of Ireland to redeem $1 billion in fixed-to-fixed rate notes
BIRG
1.23%

DUBLIN - Bank of Ireland Group plc announced Monday it will redeem its outstanding US$1 billion 6.253% Fixed-to-Fixed Rate Notes due 2026 in full on September 16, 2025, after receiving necessary regulatory approvals.

The redemption will occur on the Reset Date as specified in the notes’ terms and conditions, according to a statement from the bank. Noteholders will receive the principal amount of their investment along with unpaid interest accrued up to, but excluding, the redemption date.

The notes are currently held through the Euroclear, Clearstream or The Depository Trust Company clearing systems, which will handle payments to noteholders upon redemption.

Following the redemption, the notes will be cancelled and no further interest payments will be made. Bank of Ireland will also request that the Irish Stock Exchange plc, trading as Euronext (EPA:ENX) Dublin, cancel the listing of the notes on its Official List and their admission to trading on the Regulated Market.

The notes were issued with US ISIN US06279JAC36 for 144A format and XS ISIN XS2532384372 for Regulation S format.

The information is based on a press release statement issued by Bank of Ireland Group plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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