Obligation Ireland Banking Group 0.75% ( XS2023633931 ) en EUR

Ireland Banking Group

100 % ▼

Irlande

XS2023633931 ( en EUR )

0.75% par an ( paiement annuel )

07/07/2024 - Obligation échue

Prospectus brochure de l'obligation Bank of Ireland Group XS2023633931 en EUR 0.75%, échue

100 000 EUR

600 000 000 EUR

Bank of Ireland Group est une société financière irlandaise offrant une gamme de services bancaires de détail, commerciaux et de gestion de patrimoine, opérant principalement en Irlande et au Royaume-Uni.

L'Obligation émise par Ireland Banking Group ( Irlande ) , en EUR, avec le code ISIN XS2023633931, paye un coupon de 0.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 07/07/2024

EXECUTION VERSION

FINAL TERMS
PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA RETAIL INVESTORS  The Notes are not
intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available
to any retail investor in the European Economic Area. For these purposes, a retail investor means a person who is one
(or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended "MiFID
II"); or (ii) a customer within the meaning of Directive 2002/92/EC as amended or superseded (the "IMD"), where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently
no key information document required by Regulation (EU) No 1286/2014 (as amended the "PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to retail investors in the European Economic Area has
been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in
the European Economic Area may be unlawful under the PRIIPs Regulation.
MiFID II product governance / Professional investors and ECPs only target market Solely for the purposes of
each manufacturer's product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as
defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients
are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take
into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible
for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the
manufacturers' target market assessment) and determining appropriate distribution channels.
4 July 2019

BANK OF IRELAND GROUP PLC
Legal Entity Identifier (LEI): 635400C8EK6DRI12LJ39

Issue of 600,000,000 Fixed Rate Reset Callable Notes due 8 July 2024
Under the 25,000,000,000
Euro Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
prospectus dated 21 June 2019 (the "Prospectus") which constitutes a base prospectus for the purposes of the
Prospectus Directive. When used in these Final Terms, "Prospectus Directive" means Directive 2003/71/EC (as
amended or superseded) and includes any relevant implementing or applying measure in a relevant Member State of the
European Economic Area. This document constitutes the Final Terms of the Notes described herein for the purposes of
Article 5.4 of the Prospectus Directive and must be read in conjunction with the Prospectus. Full information on the
Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the
Prospectus. The Prospectus is available for viewing on the website of the Central Bank of Ireland and at
http://www.bankofireland.com/about-bank-of-ireland/investor-relations/debt-investors/debt-capital-issuance and copies
may be obtained during normal business hours at the principal office of the Issuer at 40 Mespil Road, Dublin 4, Ireland
and the specified office of the Paying Agent.

1.
Issuer:
Bank of Ireland Group plc
2.
(i)
Series Number:
727
(ii) Tranche Number:
1
(iii) Date on which the Notes will be
Not Applicable
consolidated and form a single Series:
3.
Specified Currency or Currencies:
Euro ("")
4.
Aggregate Nominal Amount:

Tranche:
600,000,000
Series:
600,000,000

0011398-0005203 ICM:33057020.4
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5.
Issue Price:
99.663 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess thereof
(ii) Calculation Amount:
1,000
7.
(i)
Issue Date:
8 July 2019
(ii) Interest Commencement Date:
Issue Date
8.
Maturity Date:
8 July 2024
9.
Interest Basis:
0.750 per cent. fixed rate to (but excluding) 8 July 2023, then
calculated in accordance with paragraph 16 below

(further particulars specified below, see paragraph 16)
10. Redemption/Payment Basis:
Redemption at par
11. Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:
12. Put/Call Options:
Issuer Call option

Redemption following a Tax Event

Redemption following a Loss Absorption Disqualification
Event

(further particulars specified below, see paragraphs 19, 21 and
22)
13. (i)
Status of the Notes:
Senior Preferred
(ii)
Loss Absorption Notes:
Applicable
(iii)
Senior Preferred Notes: Waiver of Set-
Applicable - Condition 3(d) applies
off:
(iv)
Senior Preferred Notes: Restricted
Applicable Condition 9(b) applies
Events of Default:
14. Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Note Provisions
Not Applicable
16. Fixed Rate Reset Note Provisions:
Applicable
(i)
Initial Rate of Interest:
0.750 per cent. per annum payable in arrear on each Interest
Payment Date
(ii) Interest Payment Date(s):
8 July in each year from (and including) 8 July 2020 up to (and
including) the Maturity Date
(iii) Day Count Fraction:
Actual/Actual (ICMA)
(iv) Determination Date(s):
8 July in each year
(v) Reset Date(s):
8 July 2023
(vi) Subsequent Reset Reference Rate(s):
Mid Swaps
(vii) Subsequent Reset Rate Screen Page:
Bloomberg ICAP
(viii) Floating Leg Swap Duration
6 months
(ix) Fixed Leg Swap Duration:
12 months
(x) Reset Margin(s):
1.150 per cent. per annum
(xi) Reset Determination Date(s):
Two Business Days prior to the Reset Date
(xii) Subsequent Reset Rate Time:
11.00 a.m. (London Time)
(xiii) Relevant Financial Centre:
London, TARGET2
(xiv) First Reset Period Fallback Rate:
The Mid Swap Rate displayed on the Subsequent Reset Rate

0011398-0005203 ICM:33057020.4
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Screen Page at the then-latest time and date on which such Mid
Swap Rate was so displayed, as determined by the Agent in
consultation with the Issuer (or, failing any such determination,
-0.314 per cent.).
17. Floating Rate Note Provisions
Not Applicable
18. Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION, SUBSTITUTION AND VARIATION
19. (i) Issuer Call:
Applicable
(ii) Optional Redemption Date:
8 July 2023
(iii) Optional Redemption Amount:
1,000 per Calculation Amount
(iv) If redeemable in part:
Not Applicable
20. Redemption
following
a
Capital
Event
Not Applicable
(Condition 6(d)):
21. Redemption following a Tax Event (Condition
Applicable
6(b)):
22. Redemption following a Loss Absorption
Applicable
Disqualification Event (Condition 6(f)):
(i)
Loss Absorption Disqualification Event
Applicable
for partial exclusion:
23. Investor Put:
Not Applicable
24. Final Redemption Amount:
1,000 per Calculation Amount
25. Early
Redemption
Amount
payable
on
1,000 per Calculation Amount
redemption following a Tax Event, a Capital

Event, a Loss Absorption Disqualification
Event or on an event of default:
26. Substitution and Variation (Condition 6(m)):
Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27. (i)
Form of Notes:
Registered Notes:

Registered Global Note registered in the name of a nominee for
a common safekeeper for Euroclear and Clearstream,
Luxembourg
(ii) New Global Note:
No. New Safekeeping Structure applies.
28. Additional Financial Centre(s) or other special
London, TARGET2
provisions relating to Payment Dates:

29. Talons for future Coupons to be attached to
No
definitive Notes:
30. Governing Law:
Irish Law Notes

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on Euronext Dublin of the
Notes described herein pursuant to the 25,000,000,000 Euro Note Programme of The Governor and Company of the
Bank of Ireland and Bank of Ireland Group plc.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

0011398-0005203 ICM:33057020.4
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PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to trading:
Application has been made by the Issuer (or on its behalf) for
the Notes to be admitted to the Official List of Euronext Dublin
and trading on the regulated market of Euronext Dublin with
effect from 8 July 2019.
(ii) Estimate of total expenses related to
1,000
admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated Baa3 by
Moody's Investors Service Limited ("Moody's") and BBB- by
S&P Global Ratings Europe Limited ("S&P").
Moody's and S&P are established in the European Union and
are registered under Regulation (EC) No. 1060/2009 (as
amended) (the "CRA Regulation"). As such Moody's and
S&P are included in the list of credit ratings agencies published
by the European Securities and Markets Authority on its
website in accordance with such Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Managers, so far as the Issuer is aware, no person involved in the issue of the
Notes has an interest material to the offer. The Managers and their affiliates have engaged, and may in the future
engage, in investment banking and/or commercial banking transactions with, and may perform other services for,
the Issuer and its affiliates in the ordinary course of business.

4.
DISTRIBUTION

(i)
If syndicated, names of Managers:
Barclays Bank PLC
BNP Paribas
J.P. Morgan Securities plc
NatWest Markets Plc
UniCredit Bank AG
(ii) Date of Subscription Agreement:
4 July 2019
(iii) Stabilising Manager(s) (if any):
NatWest Markets Plc
(iv) If non-syndicated, name and address of
Not Applicable
relevant Dealer:
(v) U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA not applicable
(vi) Prohibition
of
Sales
to
European
Applicable
Economic Area Retail Investors:
5.
OPERATIONAL INFORMATION

(i)
ISIN:
XS2023633931
(ii) Common Code:
202363393
(iii) CFI:
See the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the ISIN
(iv) FISN:
See the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the ISIN
(v) Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking
S.A.
and
the
relevant

0011398-0005203 ICM:33057020.4
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identification number(s):
(vi) Delivery:
Delivery against payment
(vii) Name and addresses of initial Paying
Citibank, N.A., London Branch
Agent(s) (if any):
(viii) Intended to be held in a manner which
Yes. Note that the designation "yes" simply means that the
would allow Eurosystem eligibility:
Notes are intended upon issue to be deposited with one of the
ICSDs as common safekeeper, and registered in the name of a
nominee of one of the ICSDs acting as common safekeeper and
does not necessarily mean that the Notes will be recognised as
eligible collateral for Eurosystem monetary policy and intra day
credit operations by the Eurosystem either upon issue or at any
or all times during their life. Such recognition will depend
upon the ECB being satisfied that Eurosystem eligibility criteria
have been met.
(ix) Relevant Benchmark:
EURIBOR is provided by European Money Markets Institute.
As at the date hereof, European Money Markets Institute does
not appear in the register of administrators and benchmarks
established and maintained by ESMA pursuant to Article 36
(Register of administrators and benchmarks) of the Benchmarks
Regulation

0011398-0005203 ICM:33057020.4
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