Bank of Ireland has raised €500m in a seven year covered bond - its longest term offering since the financial crisis began.
The move is a further sign of renewed appetite for Irish borrowing as the country prepares to exit the bailout at the end of the year.
The bank said the fund-raising demonstrated its ability to access long-term funding from international capital markets.
Following successful three and five year covered bond auctions in recent months, the offering was over-subscribed with an order book of about €2.3bn in a pricing of 195 basis points over seven year mid swaps.
It was bought up by international investors.