Anglo Irish Bank Corporation plc announced today the completion of a €550 million revolving credit facility.
West LB, Royal Bank of Scotland and Danske Bank acted as joint arrangers of the facility which attracted commitments from thirty five international banks, from eighteen different countries.
The facility was increased in size from €400 million to €550 million following a significant over-subscription from the international banking market. The response to the facility reflects the growing following and support for Anglo Irish Bank Corporation plc in the international capital markets. It also reflects the increasing size and international standing of the Bank.
Bernard Daly, Director of Treasury at Anglo Irish Bank commented “The Revolving Credit Facility we have signed is one of the largest syndicated facilities in the Irish market so far this year and bears testament to the credit standing and profile Anglo Irish has built in recent years with international financial institutions”.
The facility has a tenor of three years and permits drawings in Euros, US Dollars and Sterling.
- Ends –
12th July 2002
For further information, please contact:
Bernard Daly, Director of Treasury
Anglo Irish Bank
Tel: (01) 6162600
John Bowe
Head of Debt Capital Markets
Anglo Irish Bank
Tel: (01) 6162649
