Bank of Ireland(Governor&Co) Notice of Redemption (3639N)
19 Mai 2020 - 12:58PM
UK Regulatory
TIDMBKIC
RNS Number : 3639N
Bank of Ireland(Governor&Co)
19 May 2020
The Governor and Company of the Bank of Ireland
(the Bank)
NOTICE OF REDEMPTION
to the holders of the
EUR750,000,000 Fixed Rate Reset Additional Tier 1 Perpetual
Contingent Temporary
Write-Down Securities
(ISIN: XS1248345461 / Common Code: 124834546)
(the Securities)
NOTICE IS HEREBY GIVEN by the Bank to the Securityholders that,
pursuant to Condition 6.2 (General redemption option) of the
Securities and subject to Condition 6.7 (Conditions to redemption
and purchase), including the requirement to obtain Supervisory
Permission, the Bank will redeem the Securities in full on 18 June
2020, being the First Call Date (the Redemption Date).
As specified in the terms and conditions of the Securities, the
Securities will, subject to Condition 6.7 (Conditions to redemption
and purchase), be redeemed at their Prevailing Principal Amount,
together with accrued and unpaid interest to (but excluding) the
Redemption Date. The Bank shall notify Securityholders if the
conditions to redemption of the Securities specified in Condition
6.7 (Conditions to redemption and purchase) are not satisfied on or
prior to the Redemption Date.
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 payments of interest will be made and
(ii) a 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 regulated market of Euronext Dublin to be cancelled.
In accordance with Condition 9 (Prescription) of the Securities,
claims against the Bank for the payment of principal and interest
in respect of the Securities shall be prescribed upon the expiry of
10 years (in the case of principal) and 5 years (in the case of
interest) from the Relevant Date, subject to the provisions of
Condition 7 (Payments).
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:
The Governor and Company of the Bank of Ireland
Alan McNamara
Alan.mcnamara@boi.com
+353 7662 48725
Dated: 19 May 2020
This announcement has been issued through the Companies
Announcement Service of Euronext Dublin.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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