Bank of Ireland raises £544m

The orderbook was greater than seven times oversubscribed with 98% of the issue being subscribed by international investors.

In April the bank rejoined the Intermediary Mortgage Lenders Association to re-enter the intermediary lending sector.

Sean Crowe, group treasurer, said: “This is yet another milestone in the bank’s evolution.

“The significant international demand for this transaction underlines the continued investor confidence in the bank’s progress.’’