Big demand for Bank of Ireland green debut

By Frank Jackman
04 Mar 2021

Bank of Ireland’s inaugural green bond attracted the largest financial senior book in euros this week, peaking at €2.5bn, as it offered investors a chance to pick up labelled paper at a shorter tenor and with plenty of spread.

“The higher-beta bank names have seen strong demand as investors hunt for spread,” said one bank credit analyst.

Bank of Ireland (Baa2/BBB-/BBB) on Wednesday sold a May 2027 non-call May 2026 green deal at a holding company level — its first green labelled deal.

JP Morgan was ...

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