AIB Group plc announces intention to call its €625,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities (ISIN: XS2010031057) (the "Securities")
28 March 2025. AIB Group plc (the "Issuer") issued the Securities on 23 June 2020. In accordance with condition 7(c) of the terms and conditions of the Securities (the "Conditions"), the Issuer may redeem all, but not some only, of the Securities on (i) any day falling in the period commencing on (and including) 23 June 2025 and ending on (and including) 23 December 2025 (the "Initial Call Period"); or (ii) any Interest Payment Date thereafter, in each case at their Prevailing Principal Amount, together with any accrued and unpaid interest thereon to (but excluding) the date fixed for redemption. This is subject to certain conditions to redemption specified in the Conditions, including the condition that the Issuer must obtain prior Supervisory Permission for the redemption.
The Issuer announces that it has the intention to redeem the Securities on or around the first day of the Initial Call Period and that it has obtained the prior Supervisory Permission from the European Central Bank.
The Issuer intends to give the formal notice regarding the early redemption pursuant to condition 7(c) to the holders of the Securities, the Trustee, the Registrar and the Principal Paying Agent on or around 26 May 2025 in accordance with the Conditions.
Unless otherwise defined in this announcement, terms used in this announcement have meanings given to them in the Conditions.
For further information, please contact Eoin Moore, Head of Term Funding, Liquidity Advisory and Collateral Management (eoin.p.moore@aib.ie) or Niall Dillon, Head of Capital Management and Financial Modelling (niall.m.dillon@aib.ie).
LEI: 635400AKJBGNS5WNQL34
DISCLAIMER No offer or invitation to acquire any Securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by AIB Group plc to inform themselves about, and to observe, any such restrictions.
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