RNS Number:4655S
Bank of Ireland(Governor&Co)
25 November 2003


25 Nov 2003

                       Bank of Ireland Issue Euro600 million

                        Floating Rate Subordinated Bonds

                                  due Dec 2013



Bank of Ireland announced today that it has launched and priced an issue of Euro600
million floating rate subordinated bonds due 2013 ("the bonds"). The transaction
is part of Bank of Ireland's normal capital management. BNP Paribas and HSBC
Bank plc are joint lead managers on the transaction with Davy Stockbrokers as
co-manager.

The bonds have been priced with a coupon of 35 bps over 3 month Euribor and
issued at 99.858%. Interest will be paid quarterly in arrears.

Application will be made to the London Stock Exchange for admission of the bonds
to the Official List.



Enquires:

Brian Kealy, Head of Capital Management                003531 - 6043537

David Holden, Head of Group Corporate Communications   003531 - 6043833

Fiona Ross, Head of Investor Relations                 003531 - 6043501






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