Permanent TSB Group Holdings plc (PTSB), the Irish retail bank, has today listed on the Main Securities Market (MSM). PTSB raised €400m in equity capital from Irish and international investors as part of its admission to the MSM.
PTSB is focused on the retail market in Ireland and offers deposit accounts, mortgages, consumer loans and current accounts to 1.1 million customers. It has approximately 2,300 employees in 77 branches across Ireland.
PTSB has been quoted on the Enterprise Securities Market (ESM) and will use the same ticker IL0A to trade on the MSM. Its market capitalisation on admission to the MSM is approximately €2 billion.
Deirdre Somers, ISE CEO said “We are very happy to welcome PTSB to the MSM. Its success in raising €400m from international capital markets is a hugely positive step for the bank and for Ireland.”
Group Chief Executive Officer of PTSB, Jeremy Masding, said: “Joining the MSM today is another important milestone for Permanent TSB. The success of our capital raise has underlined the exceptional interest that Irish and international investors have shown in the potential for Permanent TSB to become an increasingly significant competitive force in the Irish banking sector.”