Bank of Ireland's sale of a €500 million senior unsecured bond was the first significant deal of its kind by an Irish lender in several years. The bank received more than €1.25 billion in orders, allowing the issuer to reduce the price. "It is notable that Bank of Ireland has been able to borrow at such attractive levels especially in light of the Cyprus 'bail-in' of senior unsecured bondholders in March," according to Glas Securities.

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