UPDATE 1-IL&P says seals 3 bln euro debt refinancing

(Recasts with Irish Life & Permanent statement)

DUBLIN, July 30 (Reuters) - Irish Life & Permanent (IPM.I) said on Wednesday it had received a final tranche of funding to replace 3 billion euros ($4.68 billion) in maturing debt.

The bank and insurance company said the 3 billion euros would have matured in the current quarter.

"The facilities have been provided by a wide range of investors, with maturities out to a maximum of three years," IL&P (IPM.L) said in a statement.

IL&P added that it had also raised 100 million euros of lower tier 2 debt capital, which would replace maturing debt capital, leaving the group "well positioned in tier 1 and total capital at the year end date".

IL&P said the cost of the new funding was "in line with the assumptions underlying margin guidance" given in June.

Irish Life & Permanent said in June it expected the percentage drop in operating profit this year to be in the mid to high single digits as the Irish economy slows.

It added at the time that the group's capital position remained robust despite global market turmoil.

Shares in IL&P were trading nearly 15 percent higher at 5.30 euros by 1138 GMT, outperforming a 1.4 percent drop on the wider market. Its shares in London were up 15.4 percent.

Earlier on Wednesday the Irish Independent cited sources saying that IL&P had completed the refinancing on Tuesday, adding that it had been a key area of interest for shareholders and analysts given ongoing credit market volatility. (Reporting by Jonathan Saul; Editing by David Cowell)