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27th April 2008
Bank of Ireland Offshore Introduces New International Growth Bond
Bank of Ireland Offshore has announced the launch of the International Growth Bond.
This is a fixed term (5¼ year) deposit bond that gives investors the opportunity to benefit from the growth potential of three
major global stock market indices, with the opportunity to earn up to 45% gross*/7.33% AER† return with a guaranteed minimum
return of 14% gross**/2.25% AER†.
With the Bank of Ireland Capital Guarantee1 investors will receive all of the initial investment plus the
greater of:
- A return based on the performance of a “basket” of three global stock market indices selected (the FTSE 100,
Nikkei 225 and the DJ EuroStoxx50) or
- A guaranteed minimum gross return of 14% gross**/2.25% AER†.
This product is available for a limited period only with a minimum investment of £5,000 to a maximum of £1 million.
The offer period will close on June 27th 2008.
Commenting on the launch Michael McKay, Chief Operating Officer for Bank of Ireland Offshore, said:
“This latest product offering will appeal to investors who are looking for a guaranteed minimum return on their investment
with the added opportunity to benefit from the growth potential of the three global stock market indices selected.”
The investment is linked to, and not invested directly in, the Indices. Therefore the investment will not benefit from
individual dividend income or the reinvestment opportunity from the companies listed in these Indices. Although the initial capital
is secure, the value could be eroded by the effects of inflation.
For further more information, please contact:
Sandra Grandison +44 (0)20 7634 3477
Notes to Editors
Bank of Ireland UK Financial Services (UKFS) combines the sterling denominated businesses within the Bank of
Ireland Group, incorporating Business Banking, Personal Lending and Consumer Financial Services, representing joint ventures with
the UK Post Office. The Bank of Ireland in Northern Ireland, part of Business Banking, is a leading player in both personal
financial services and in corporate and business banking.
Bank of Ireland UKFS operates its businesses out of London, Belfast, Bristol and Reading with a workforce of approximately
3,500 staff. The division generates in excess of £300m profits before tax, similar to companies listed in the FTSE top 70,
with annual growth over 15% achieved. UKFS manages over £40bn of quality customer loans and about £15bn customer
deposits with strong growth demonstrated within each book. Customer numbers acquired within the Post Office relationship have
exceeded 1 million in three years and continue to grow strongly.
Bank of Ireland’s Offshore business was established in the Isle of Man in 1981. Bank of Ireland (I.O.M.) Limited, based
in the Isle of Man, is the Head Office and the company also has a branch in Guernsey.
Bank of Ireland (I.O.M.) Limited provides a wide range of call, fixed term, structured deposits, international payments and
foreign exchange services to both personal and corporate customers and currently has deposit levels in excess of £2.5
billion. The company was named “Best Offshore Structured Product Provider” at the 2006 International Investment
Offshore Fund and Product Awards.
* Is the gross maximum return payable at maturity/AER† rate of 7.33%. **Is the gross minimum return payable at
maturity/AER† rate of 2.52%. This does not take into account any deductions of income tax. Please see the Taxation section
on page 3 of the product brochure for more information. AER† stands for Annual Equivalent Rate and illustrates what the
return would be if it was paid and compounded each year.
1Please note that the use of the word ‘Guarantee’ refers only to the obligation of the Bank to repay
your capital in full and is no way intended to imply a guarantee provided by a third party.
The FTSE 100 is calculated by FTSE International Limited. FTSE International does not sponsor, endorse or promote this product
and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.
“FTSE”, “FT-SE”, and “Footsie” are trade marks of the London Stock Exchange Plc and The
Financial Times Limited and are used by FTSE International Limited under licence. “All-World”, “All-Share”
and “All-Small” and “FTSE4Good” are trademarks of FTSE International Limited. All copyright in the index
values and constituent list vests in FTSE International Limited. Bank of Ireland (I.O.M) Limited has obtained full licence from
FTSE International Limited to use such copyright in the creation of this product.