AIB Group-Capital Raising EUR100m Dated Subordinated Notes due 2010.Business Editors DUBLIN--(BUSINESS WIRE)--April 20, 2000 Allied Irish Banks Allied Irish Banks, p.l.c. (AIB) (Irish: Bainc-Aontas Éireann),ISEQ: ALBK, LSE: ALBK, NYSE: AIB, FWB: AIB is a commercial bank based in Ireland not to be mistaken for Anglo Irish Bank. AIB is one of the so called Big Four commercial banks in Ireland. , p.l.c. ("AIB AIB n abbr (BRIT) (= Accident Investigation Bureau) → oficina de investigación de accidentes AIB n abbr (Brit) (= Accident Investigation Bureau) → ") [NYSE NYSE See: New York Stock Exchange : AIB;AIBPR:FMBPR]. today announces that it has issued US$100 million Dated Subordinated Notes. The maturity date is 2nd August 2010. Interest will accrue on a floating rate basis from and including 2 May 2000 and will be payable quarterly in arrears Adv. 1. in arrears - in debt; "he fell behind with his mortgage payments"; "a month behind in the rent"; "a company that has been run behindhand for years"; "in arrears with their utility bills" behindhand, behind commencing 2 August 2000. The interest basis is 3 months EURuribor plus 60 basis points until 2 August 2005 whereupon it will rise to 110 basis points. AIB has the option to prepay the notes on 2 August 2005. The reoffer price is 99.990%. The notes will be listed in London. The securities qualify as Lower Tier II Capital, and form part of AIB's on-going capital management programme. The manager is Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. . This notice is not an offer of securities for sale in the USA, the securities may not be offered or sold in the USA, absent registration under the Securities Act of 1993 or an exemption from such registration. |
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