STATE-controlled AIB has returned to the debt markets for the first time since the crisis hit, raising €395m in bonds using mortgages in the bank's €3bn UK portfolio as collateral.
It raised the three-year sterling loans on an AAA rating from a "range of international investors" in the lender's first public securitisation of prime UK mortgages. The deal follows Bank of Ireland and Irish Life & Permanent's successful debt issues last year.