Finance Ireland, the State’s largest non-bank lender, has successfully raised over €700 million in the bond markets to bolster its car finance and commercial property lending operations, marking a significant milestone in its strategic evolution.

This capital raise includes €359 million secured through a car loan-backed securitisation and €348 million via a commercial mortgage-backed securitisation, reflecting strong investor appetite for Finance Ireland’s lending portfolios.

Investor demand for both transactions significantly exceeded expectations, underlining the strength and stability of Finance Ireland’s business model.

“The strong pricing we achieved with these transactions shows a very solid vote of investor confidence in Finance Ireland,” said Jim Hickey, Chief Financial Officer. “We were pleased to see diverse and broad-based demand from a wide range of blue-chip international investors across multiple jurisdictions. These transactions will provide increased lending capacity as we continue to grow our business.”

The announcement comes as Finance Ireland confirms its decision to exit the residential mortgage market. The company made history in 2018 as the first non-bank lender to enter the home loan space post-financial crisis. However, the company had largely stepped back from this segment in recent years due to the evolving market dynamics and rising funding costs.

Finance Ireland will now sharpen its focus on core areas of strength—car finance, commercial property lending, small business, and agri-lending—where it continues to see strong demand and growth opportunities.

Founded in 2002, Finance Ireland is majority-owned by international investment firms M&G and Pimco (a subsidiary of Allianz), who hold a combined 90% stake.