UPDATE 1-Permanent TSB to bring Ireland's first CoCo next week

April 16, 2015 12:52 PM

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LONDON, April 16 (IFR) - Permanent TSB Group will become the first Irish bank to issue Additional Tier 1 bonds as soon as next week, part of a broader capital-raise undertaken by the institution.

The issuer has mandated Deutsche Bank as structuring adviser and coordinator, along with Davy as joint lead manager (no books) for the potential bond.

Also read: BRIEF-Biffa prices London IPO at 180 p/shr, to list Oct. 20

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