Strong investor demand signals confidence in Irish Bank’s sustainability strategy.
Bank of Ireland has successfully raised €750m from its latest green bond issuance, with the proceeds earmarked for financing climate action projects in renewable energy and green buildings.
The bond sale attracted exceptional investor interest, with orders exceeding €4.6bn – more than six times the amount on offer.
“Our range of sustainable finance products – including green mortgages, loans for eco-friendly cars, and sustainability-linked lending for SMEs and farmers – have been carefully designed to help customers make real, impactful changes”
More than 220 investors participated in the transaction, demonstrating strong market confidence in the Bank’s green initiatives.
Issued with a seven-year maturity and a fixed coupon of 3.625%, this latest offering brings Bank of Ireland’s total green bond issuance to date to €5.6bn.
Commitment to sustainable finance
Eamonn Hughes, chief Sustainability and Investor Relations officer at Bank of Ireland, expressed satisfaction with the results.
“We are delighted by the exceptionally strong demand for this latest green bond, which reflects investor confidence in Bank of Ireland’s strategy and commitment to providing sustainable finance.”
Hughes highlighted how the funds would support the bank’s sustainability products.
“Our range of sustainable finance products – including green mortgages, loans for eco-friendly cars, and sustainability-linked lending for SMEs and farmers – have been carefully designed to help customers make real, impactful changes.”
The Bank’s sustainability-related lending grew by almost a third last year, reaching €14.7bn. This growth puts Bank of Ireland on track to deliver its end-2025 target of €15bn earlier than anticipated.
“Our medium-term ambition for supporting the green transition remains €30bn by 2030 and reaching this will require further innovative solutions for customers including our corporate and business customers,” Hughes added.
The transaction was arranged by a consortium of financial institutions including Davy, HSBC, ING, Morgan Stanley, Société Générale and UBS.
This green bond issuance comes amid increasing investor focus on environmental, social, and governance (ESG) criteria and growing demand for sustainable investment opportunities in the financial markets.
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