REFILE-UPDATE 1-Permanent TSB to complete first stage of capital raise

April 27, 2015 9:52 AM

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LONDON, April 27 (IFR) - Permanent TSB will complete the first stages of a broader capital raise later on Monday when it prices Ireland's first ever Additional Tier 1 bond issue.

Lead manager Deutsche Bank started marketing the 125m perpetual non-call six-year bond at initial price thoughts of 9% area, according to a source, in line with the level mooted last week.

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