AIB Group successfully raised $750m through the issuance of a US Dollar senior non-preferred bond to institutional investors, offering a coupon of 5.32%.

The bond supports the Group’s regulatory capital requirements and underscores market confidence in AIB’s performance.

Investor demand was exceptionally strong, with orders peaking at over $6.5bn.

This enabled AIB to tighten the pricing from the initially guided spread of U.S. Treasuries + 1.65%, reflecting minimal attrition in the final order book.

The offering attracted high-quality interest from approximately 170 investors across North America, Europe, and Asia Pacific, marking AIB’s most oversubscribed bond to date with an ~8.2x oversubscription ratio.

Colin Hunt, CEO of AIB, commented: “We’re pleased with the strong investor demand for our latest issuance, following €800m in green bonds in March and our landmark AT1 Euro bond deal in January.

“AIB remains well-capitalised and positioned for sustainable growth.

“This transaction affirms the market’s confidence in our strategy, which is focused on delivering for our customers, investors, and the broader economy through enhanced customer service, sustainability, and operational resilience.”

The bond issuance was led by Barclays, Goldman Sachs, Goodbody Stockbrokers, JP Morgan, Morgan Stanley, and Wells Fargo.

Recent strategic highlights for AIB include:

• January’s €700 million AT1 issuance, the first of its kind in Europe this year.
• €800 million raised in green bonds in March, bringing total ESG bond proceeds to €7.2 billion.
• Completion of a €1.2 billion directed share buyback from the Irish State this week, supporting the normalisation of the Group’s share register and enhancing share liquidity.