Bank of Ireland’s €750M Green Bond: The Game-Changer That Could Rewrite Investment Rules Forever!

Bank of Ireland’s €750M Green Bond: The Game-Changer That Could Rewrite Investment Rules Forever!

Ever wonder if a major European bank could practically hum a tune of confidence and climate commitment at the same time? Well, Bank of Ireland just did that by raising a hefty €750 million through its latest green bond issuance—marking its second green bond of the year and the first euro-denominated senior issuance by a European bank since the unsettling start of the Middle East conflict. It’s not just the number that grabs attention here; this bond’s pricing at mid swaps plus 100 basis points signals the tightest Irish senior debt deal since 2021, reflecting a rare blend of market trust and strategic savvy. With investor appetite swelling to over €2.2 billion and a fixed coupon of 3.875%, it’s clear that sustainable finance isn’t just a buzzword—it’s a bankable future. And if you think that’s impressive, wait until you hear about their target to hit €30 billion in sustainable financing by 2030. Ready to dive deeper into how this financial feat marries profitability with purpose? LEARN MORE

Bank of Ireland has raised €750m through a new green bond issuance, its second green bond of the year and the first euro-denominated senior issuance by a European bank since the start of the Middle East conflict.

The bond was issued with an eight-year maturity and priced as mid swaps plus 100 basis points, representing the tightest Irish senior debt issuance since 2021.

Mid swaps refers to the midpoint between bid and offer rates in the interest rate swap market and is commonly used as a benchmark for setting the interest rate on new corporate bond issues.

Investor demand was strong, with final orders exceeding €2.2bn and participation from approximately 135 investors. The bond carries a fixed coupon of 3.875%.

“Today’s issuance reflects the continued confidence investors have in Bank of Ireland and in our long-term strategy,” said Tony Morley, group treasurer at Bank of Irelad.

“The strong demand and tight pricing underline the quality of the Bank’s credit and our ability to access markets even in challenging conditions.

green bond
Bank of Ireland has raised €750m with a new green bond.

“This green bond further strengthens our funding position while supporting customers in their transition to a lower carbon economy.”

Bank of Ireland is on track to reach its €30bn sustainable financing target by 2030.

The bookrunners on the transaction were Davy, Barclays, BofA Securities, ING, Société Générale, and UBS.

(Pic: Getty Images)

Post Comment

WIN $500 OF SHOPPING!

    This will close in 0 seconds