Bank of Ireland said existing shareholders took up 94.6 per cent of its rights issue, which closed yesterday, raising about €1.63 billion.
Shareholders were offered three shares for every two they own at a discount of 55 cent a share or 42 per cent on the expected value of shares afterwards.
More than 2.96 million valid acceptances were received in respect of the 3.1 billion shares, the bank said in a statement this morning.
That left underwriters with about 168.5 million units to be sold at a price higher than that of the rights issue. The bank said today the remaining shares were sold today at a price of 75 cents apiece.
The new shares will be credited on June 14th and will commence trading on that date.
The offer is part of a wider €3.56 billion capital-raising plan.
Shares in the bank rose 1 per cent to almst 77 cent on the Dublin market today.