REG - Bank of Ireland Grp - Issuer Call Notice AT1

Bank of IrelandAnnouncement

10/04/2025 07:30

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RNS Number : 4833E  Bank of Ireland Group PLC  10 April 2025

10 April 2025

 

 

 

Bank of Ireland Group plc

(the Issuer)

LEI: 635400C8EK6DRI12LJ39

NOTICE

€675,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent
Temporary Write-Down Securities

(ISIN: XS2178043530 / Common Code: 217804353)

(the Securities)

 

NOTICE IS HEREBY GIVEN by the Issuer to the Securityholders that, having
obtained the necessary regulatory approvals, the Issuer will redeem the
outstanding Securities in full on the First Call Date (which date for the
purposes of this Notice is 19 May 2025) pursuant to Condition 6.2 (General
Redemption Option)) of the Securities.

The Issuer previously announced on 10 September 2024 that €506,211,000 in
aggregate principal amount of the Securities had been acquired by the Issuer
pursuant to a tender offer and cancelled; consequently, €168,789,000 in
aggregate principal amount of the Securities are currently outstanding.

As specified in the terms and conditions of the Securities, the outstanding
Securities will be redeemed at their Prevailing Principal Amount plus (subject
to Condition 4.1 (Cancellation of interest)) any accrued but unpaid interest
thereon up to, but excluding, the First Call Date of 19 May 2025.

The Securities are currently held via the Euroclear or Clearstream, Luxembourg
clearing systems. Securityholders should therefore look to their respective
clearing system for payment of amounts due to them upon redemption of the
Securities.

Following redemption of the Securities, (i) the Securities will be cancelled
and no further interest payments will be made and (ii) request will be made to
the Irish Stock Exchange plc trading as Euronext Dublin for the listing of the
Securities on the Official List of Euronext Dublin and the admission to
trading on the Euronext Dublin Global Exchange Market to be cancelled.

Unless otherwise defined in this Notice, terms used in this Notice have the
meanings given to them in the terms and conditions of the Securities.

For further information, please contact:

 

 

 

Bank of Ireland Group plc

Alan Elliott

Director of Group Balance Sheet Management & Execution, Group Treasury

alan.elliott@boi.com

+353 87 233 3270

 

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