Bank of Ireland €750m green bond
Bank of Ireland priced a €750m green bond — its second green deal this year and the first euro‑denominated senior bond of 2026 for the bank — highlighting strong investor demand and tighter EU disclosure expectations. (businessplus.ie)
The bond was issued with an eight‑year maturity, priced at mid‑swaps plus 100 basis points and carrying a fixed coupon of 3.875%. (bankofireland.com) Final orders topped approximately €2.2 billion, with around 135 investors participating in the book. (bankofireland.com) The transaction’s bookrunners were Davy, Barclays, BofA Securities, ING, Société Générale and UBS, and the bank said the pricing represented its tightest senior Irish spread since 2021. (bankofireland.com) Proceeds will be allocated under Bank of Ireland’s Green Bond Framework to eligible categories including renewable energy, energy‑efficient buildings and sustainability‑linked lending, and the group published its Allocation Report 2025 on 4 March 2026 documenting portfolio‑level allocations. (investorrelations.bankofireland.com) Issuance came against the backdrop of the EU Green Bond Regulation/European Green Bond Standard being applicable across the bloc, which mandates tighter taxonomy alignment and establishes supervised external‑reviewer and enhanced pre/post‑issuance disclosure templates for EuGB‑labelled bonds. (finance.ec.europa.eu) Bank of Ireland reported sustainable‑finance lending of €17.7 billion in 2025 (a 20% increase year‑on‑year) and is steering toward a €30 billion sustainable‑finance target by 2030; the group’s inaugural €750m green bond was issued in March 2021 and was three times oversubscribed. (bankofireland.com)
