Irish Life and Permanent has raised over €1.5 billion in securitisation of the mortgage book of its UK subsidiary Capital Home Loans (CHL).
The securitisation is the largest undertaken by the group, and the proceeds will be used be used to fund future lending at CHL.
"The strength of the demand for the bond has enabled us to exceed our pricing expectations and has made this the most successful securitisation yet undertaken by the Group," said Group Finance Director Mr Peter Fitzpatrick.
CHL is a wholly owned subsidiary of Irish Life & Permanent, which specialises in providing mortgage finance for the buy-to-let market in the UK.