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DUBLIN - Bank of Ireland Group plc announced Friday it will redeem its €300 million Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities on September 1, 2025, which marks the first call date for these instruments.
The bank confirmed it has received the necessary regulatory approvals to proceed with the full redemption of the outstanding securities, which carry the ISIN code XS2226123573.
According to the terms and conditions of the securities, redemption will be at the prevailing principal amount plus any accrued but unpaid interest up to, but excluding, the redemption date.
The securities are currently held through the Euroclear and Clearstream, Luxembourg clearing systems, which will process payments to security holders upon redemption.
Following the redemption, the securities will be cancelled with no further interest payments to be made. Bank of Ireland will also request the Irish Stock Exchange plc, trading as Euronext (EPA:ENX) Dublin, to cancel the listing of the securities from the Official List and their admission to trading on the Euronext Dublin Global Exchange Market.
The announcement was made through a formal notice to security holders based on a press release statement from the bank.
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