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AIB Group announces tender results for 4.75% notes due 2023
By William Gullotti
Buffalo, N.Y., Oct. 17 – AIB Group plc announced the results for its any and all cash tender offer for its $750 million outstanding 4.75% notes due Oct. 12, 2023 (Cusip: 00135TAA2, G0R4HJAA4), according to a press release on Monday.
As previously reported, AIB set the total consideration at $989.28 per $1,000 principal amount of notes tendered, based on the 4.25% U.S. Treasury due Sept. 30, 2024 and a fixed spread of 140 basis points.
AIB accepted $615,787,000 principal amount of tendered notes for purchase, leaving $134,213,000 of the series outstanding.
Settlement remains planned for Oct. 19.
Citigroup Global Markets Ltd. (212 723-6106 or 800 558-3745; +44 20 7986 8969; liabilitymanagement.europe@citi.com), J.P. Morgan Securities LLC (212 834-4045 or 866 834-4666; +44 20 7134 2468; liability_management_EMEA@jpmorgan.com) and Morgan Stanley & Co. LLC (212 761-1057 or 800 624-1808; +44 20 7677 5040; liabilitymanagementeurope@morganstanley.com) are dealer managers for the offer.
Goodbody Stockbrokers is structuring adviser for the offer.
Kroll Issuer Services Ltd. (+44 20 7704 0880; aib@is.kroll.com; https://deals.is.kroll.com/aib) is the information and tender agent.
AIB Group is a banking and financial services company based in Dublin.
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