RNS Number : 2077A
  Irish Life & Permanent PLC
  30 July 2008
   
Irish Life & Permanent Term Funding Completed
 
 
Irish Life & Permanent plc announced that it has received the final tranche of term funding required to replace the EUR3 billion of funds
maturing in the current quarter.
 
The facilities have been provided by a wide range of investors, with maturities out to a maximum of three years.
 
The blended cost of the new funding is in line with the assumptions underlying margin guidance provided in the group*s pre-close period
trading update, issued on June 19th.
 
In addition, the Group has raised EUR100m of lower tier 2 debt capital which will replace maturing debt capital and leave the Group well
positioned in tier 1 and total capital at the year end date.
 
 
 
July 30th 2008

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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