UPDATE 1-Permanent TSB eyes lofty yield for CoCo debut

April 24, 2015 1:33 PM

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LONDON, April 24 (IFR) - Permanent TSB Group will have to pay a hefty price to raise the first Additional Tier 1 transaction from Ireland, a much-needed trade that will help fill a capital hole identified by the ECB asset-quality review.

The lender concluded fixed income investor meetings this week and is expected to bring a 125m perpetual non-call six-year bond as early as Monday.

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