Wednesday 17 January 2018

Permanent TSB raises €400m in private deal

Donal O'Donovan

By Donal O'Donovan

STATE-owned bank Permanent TSB says it raised €400m in recent days by borrowing from an unnamed international bank.

Permanent TSB is the last of the banks that is still not borrowing on the bond markets, but the latest deal means the bank has raised €3.6bn so far this year by borrowing in private deals where some of the banks UK mortgage assets are pledged as security for finance.

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