Bank of Ireland raises €750m in green bond amid strong investor demand.
Bank of Ireland has raised €750m through its second green bond issuance of 2025, attracting robust investor interest to support climate-focused lending across renewable energy and sustainable buildings.
The ten-year bond was priced at a fixed coupon of 3.625%, equivalent to mid swaps plus 1.05%.
“Through green residential mortgages, sustainability-linked lending for SMEs and farmers, and funding for wind and solar energy projects, Bank of Ireland is helping customers make the transition to a low-carbon economy”
The offering drew orders exceeding €2.6bn from more than 140 investors globally, marking the tightest spread achieved by the Bank since its inaugural green bond in 2021.
Bank of Ireland says it is working towards a target of €30bn worth of green lending by 2030.
Growing green confidence
Mark Spain, chief financial officer at Bank of Ireland, said the transaction reflected growing confidence in the bank’s sustainable finance strategy.
“We’re very pleased by the strong demand for our latest green bond, which underscores investor confidence in our sustainable finance strategy,” Spain said.
“Through green residential mortgages, sustainability-linked lending for SMEs and farmers, and funding for wind and solar energy projects, Bank of Ireland is helping customers make the transition to a low-carbon economy. This bond reinforces our commitment to climate action and keeps us firmly on track for our €30bn sustainable finance ambition by 2030.”
Proceeds from the bond will be allocated to eligible projects under the bank’s green finance framework, which includes investments in renewable energy, energy-efficient buildings, and sustainability-linked loans.
In 2025, the bank financed its first solar power project and expanded its Enviroflex loan offering – originally designed for the dairy sector – to include tillage farmers.
Bank of Ireland’s sustainability-related lending reached €16.5bn by the end of September, surpassing its €15bn year-end target ahead of schedule. The bank aims to double this figure to €30bn by 2030.
The transaction was led by Davy, BofA Securities, ING, J.P. Morgan, Mizuho, and NatWest.
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