REG - AIB Group PLC - Intention to call AT1

AIBAnnouncement

28/03/2025 15:30

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RNS Number : 7611C  AIB Group PLC  28 March 2025

AIB Group plc announces intention to call its €625,000,000 Fixed Rate Reset
Additional Tier 1 Perpetual Contingent Temporary Write Down Securities (ISIN:
XS2010031057) (the "Securities")

28 March 2025. AIB Group plc (the "Issuer") issued the Securities on 23 June
2020. In accordance with condition 7(c) of the terms and conditions of the
Securities (the "Conditions"), the Issuer may redeem all, but not some only,
of the Securities on (i) any day falling in the period commencing on (and
including) 23 June 2025 and ending on (and including) 23 December 2025 (the
"Initial Call Period"); or (ii) any Interest Payment Date thereafter, in each
case at their Prevailing Principal Amount, together with any accrued and
unpaid interest thereon to (but excluding) the date fixed for redemption. This
is subject to certain conditions to redemption specified in the Conditions,
including the condition that the Issuer must obtain prior Supervisory
Permission for the redemption.

The Issuer announces that it has the intention to redeem the Securities on or
around the first day of the Initial Call Period and that it has obtained the
prior Supervisory Permission from the European Central Bank.

The Issuer intends to give the formal notice regarding the early redemption
pursuant to condition 7(c) to the holders of the Securities, the Trustee, the
Registrar and the Principal Paying Agent on or around 26 May 2025 in
accordance with the Conditions.

Unless otherwise defined in this announcement, terms used in this announcement
have meanings given to them in the Conditions.

For further information, please contact Eoin Moore, Head of Term Funding,
Liquidity Advisory and Collateral Management (eoin.p.moore@aib.ie) or Niall
Dillon, Head of Capital Management and Financial Modelling
(niall.m.dillon@aib.ie).

 

 

 

 

LEI: 635400AKJBGNS5WNQL34

DISCLAIMER No offer or invitation to acquire any Securities is being made
pursuant to this announcement. The distribution of this announcement in
certain jurisdictions may be restricted by law. Persons into whose possession
this announcement comes are required by AIB Group plc to inform themselves
about, and to observe, any such restrictions.

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