No ejector seat to be seen as bank funds expansion of toymaker Corgi

Bank of Ireland is funding ambitious expansion plans at the iconic toy car maker Corgi International - reports the Independent.

Corgi is best known for producing the James Bond Aston Martin DB5 toy car, complete with ejector seat, as well as the Batmobile.

Bank of Ireland's Burdale Financial subsidiary fronted a near $40m debt and equity financing undertaken by the die-cast model firm.

The Bank of Ireland Corporate banking unit provided $30m of the funding, with the rest coming from shareholders and other institutions. Corgi International was formed in late 2006, when Corgi Classic merged with Master Replicas and Hong Kong-based Card Inc. It is now listed on the Nasdaq.

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