It is reported in todays Irish Independent that AIB, the state owned bank, is ready to return to the debt markets for the first time since the banking crash.
Yesterday AIB reported signs of stabilisation in its core business environment.
It is believed that AIB have hired UBS, JP Morgan, HSBC and Deutsche Bank to arrange and auction a three- year, euro-denominated "covered" bond transaction that will be secured on Irish mortgages.
The Irish Independent reported last week that AIB was poised for a return to the markets after updating its covered bond programme earlier this month.
Please click on link to read full report in the Irish Independent
www.independent.ie/business/irish/aib-on-brink-of-return-to-bond-market-for-first-time-since-crash-3308904.html