AIB Group Announces Intention to Call AT1 Securities
Why we think this is neutral
The RNS announcement is about AIB Group's intention to call its €625,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities. This is a routine corporate action and does not contain any significant news that would impact the company's operations or financial performance.
Key Points
- AIB Group intends to redeem €625,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities
- Redemption to occur on or around the first day of the Initial Call Period from 23 June 2025 to 23 December 2025
- AIB Group has obtained prior Supervisory Permission from the European Central Bank for the redemption
Summary
The financial services group announces its intention to redeem a set of AT1 securities on or around the first day of the Initial Call Period.
AIB Group plc has announced its intention to redeem its €625,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities on or around the first day of the Initial Call Period, which is the period from 23 June 2025 to 23 December 2025. The company has obtained prior Supervisory Permission from the European Central Bank for the redemption.
GENERAL UPDATE