State to auction up to €1.5bn in ‘green bonds’ to fund environmental projects

Independent.ie | Oct 9, 2019 at 1:45 PM
  • The National Treasury Management Agency tomorrow will auction up to €1.5bn in “green bonds” designed to finance environmentally friendly development.
  • The NTMA confirmed it has hired Barclays, BofA Merrill Lynch, BNP Paribas, Danske Bank, Davy and JP Morgan to manage the auction of Sovereign Green Bonds due for redemption in 2031.
  • In October 2018 the NTMA’s maiden auction of €3bn in green bonds attracted more than €11bn in bids from more than 170 buyers, many of them first-time bidders on Irish debt securities.