Commercial paper is unsecured debt issued by companies to finance short-term liabilities.
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It used that role to dictate terms, according to the unsecured creditors.
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The company said its unsecured creditors can expect to see some recovery.
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Often unsecured, it typically demands a much higher yield than senior debt.
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Summer 2013: Restructuring talks extend to include advisers for certain unsecured bondholders.
Uso de unguaranteed en inglés
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Company officials declined to comment further on whether the unguaranteed tranche would go ahead.
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Risk exposure on unguaranteed trades for institutions would be reduced by up to $200 million.
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Moody's has cut the rating on Anglo Irish Bank's unguaranteed senior debt and downgraded its subordinated debt.
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The sovereign debt crisis has shut off the bond markets to the potential for raising unguaranteed bonds.
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There was uncertainty in the market on Wednesday over whether the sale of the unguaranteed tranche would go ahead.
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The announcement comes two days after the bank repaid a €1 billion unsecured, unguaranteed senior bond in full.
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In the ensuing decades, a continuous trickle of brave souls chanced an unguaranteed existence in the unknown cities of the North.
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Shenyin & Wanguo Securities assigned its top credit rating of AAA to the guaranteed tranche, and AA-plus to the unguaranteed tranche.
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At one stage, several market sources, including two sources close to underwriter CITIC Securities, said the unguaranteed tranche would be suspended indefinitely.
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It's the first senior unsecured bond sale since October and the first senior unsecured and unguaranteed issuance since September 2009, she said.
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Minister for Finance Michael Noonan has indicated that the Government will not impose losses on Anglo Irish Bank's senior unsecured unguaranteed bondholders.
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Ratings agency Moody's has downgraded the unguaranteed senior unsecured debt of six Irish banks and said it may also cut deposit ratings.
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Shenyin & Wanguo Securities had assigned its top credit rating of AAA to the guaranteed tranche, and AA-plus to the unguaranteed tranche.
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Earlier this month, chief executive Richie Boucher said the bank anticipates doing more unguaranteed, secured term funding by the end of the year.
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Therefore, the investor must realise the unguaranteed nature of most SSIS investment accounts - the value of the units can fall as well as rise.
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But it will suspend indefinitely the planned sale of up to 2.9 billion yuan of unguaranteed five-year bonds, they said.