Ulster Bank has raised €3.9 billion following a securitisation of its mortgage book.
In a statement this morning the bank says the move is one of the largest such deals undertaken by an Irish financial institution.
The bonds were issued in euro, sterling and US dollars and are secured on a portfolio of residential mortgages in the Republic.
Ulster Bank's parent company, Royal Bank of Scotland arranged the deal. The money raised will be used for Ulster Bank's expansion plans.
Securitisation allows banks use their mortgage books to gain access to additional funds.
