VIP Finance Ireland has raised $1.5 billion through a two-part note sale, Reuters reports. The first tranche consisted of $500 million of 6.493% notes maturing on Feb.2, 2016.

The second tranche included $1 billion of 7.748% notes due on Feb.2, 2021. Barclays, BNP Paribas, Citigroup and RBS were the joint bookrunning managers for the sale.

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