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.

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