BRIEF-Bank of Ireland prices rights issue at 64 pct discount

DUBLIN, May 14 (Reuters) - Bank of Ireland:

* Rights issue price of EUR 0.55 per new unit of ordinary stock.

* Rights issue price represents a discount of 41.7 % to the theoretical

ex-rights price

* Results in a discount of 64.1% to the closing price of the bank's ordinary

stock on 14 may 2010

* Expected gross proceeds of balance of the rights issue excluding state rights

issue undertaking EUR 1.098 billion

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