Bank of Ireland, the country's second-largest bank by market value, plans to sell two-year floating-rate notes in euros, according to a banker involved in the transaction.
The notes may pay interest of about 105 basis points more than the euro interbank offered rate, or Euribor, said the banker, who declined to be identified because the deal isn't complete.
HSBC Holdings, UBS AG and UniCredit SpA will manage the issue, the banker said.
Moody's Investors Service will rank the bonds at Aa2, its third-highest investment-grade rating. Standard & Poor's will grade the debt two levels lower at A+, the banker said.
Bloomberg