The bank said: “a syndicate of financial institutions arranged by the IMLAs has indicated strong interest in participating in the general phase of the ongoing syndication, and BOI has an option to increase the facility size up to EURO 1.5 billion after the general syndication.”
“The transaction structure leverages the strong investment grade credit rating of AFC to wrap and credit-enhance BoI thereby benefitting from favourable terms that would otherwise not be available especially in these highly volatile markets. The pricing, at 3 months Euribor + 1.65% per annum, is a result of this innovative structuring.”
This is the 5th time BOI has successfully raised funds in the international markets since 2018. With the conclusion of this transaction, total funds raised by the bank from 2018 to date is in excess of $5 Billion.
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