Irish REIT Hibernia has agreed a £400m revolving credit facility at close to 2% cost with three banks.
Bank of Ireland, Ulster Bank and Barclays are participating in the loan which Hibernia will use to replace an existing €100m RCF, to fund projects and make new acquisitions.
Goldman Sachs, CarVal and Bank of Ireland have bought a portfolio of Irish commercial loans from Lloyds Banking Group for £827m. The loans, made to small and medium sized businesses in Ireland, are mostly secured against commercial property.
Kennedy Wilson Europe Real Estate has secured a new €264m facility from the Bank of Ireland to finance a portfolio of assets in Ireland, the company revealed as part of its first full annual results this morning.